EnGIS Technologies, Inc. agreed to acquire LIG Special Purpose Acquisition 2nd Co., Ltd. (KOSDAQ:A208140) from Hanwool Co., Ltd. and other shareholders in a reverse merger transaction on March 10, 2015. The transaction is structured as the acquisition by LIG Special Purpose Acquisition of all the outstanding shares of EnGIS Technologies at an exchange ratio of 6.5891403 per share. After the merger, LIG Special Purpose Acquisition will survive and EnGIS Technologies will be dissolved.

LIG Special Purpose Acquisition will issue 17.44 million new shares as consideration for this merger expected to be listed on August 13, 2015. A shareholders' meeting of LIG Special Purpose Acquisition 2nd Co., Ltd is expected to be held on June 25, 2015. The Board of Directors of LIG Special Purpose Acquisition 2nd Co.

passed a resolution regarding the deal. The transaction is expected to close on July 31, 2015 and the registration date is August 4, 2015. Ernst & Young Korea acted as external valuator for LIG Special Purpose Acquisition 2nd Co.