Hideep Co., Ltd. entered into a reverse merger to acquire NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. (KOSDAQ:A365590) on October 18, 2021.Under the terms, merger ratio will be 1: 57.1765000. K Partners (NH SPECIAL PURPOSE largest shares holder), which holds 21.74% (as of June 30, 2021), and the largest shareholder of HiDeep Inc. is Ko Beom-gyu, with 33.09% stake. Upon completion of the merger, the largest shareholder will be Ko Beom-gyu, and the stake including related persons will be 50.12%. When the merger of NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. and HiDeep Inc. is completed, formally NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. becomes a surviving corporation and HiDeep Inc. becomes a disbanded corporation. It will have the effect of being listed on the KOSDAQ market. Transaction is expected to close on March 11, 2022. As of March 29, 2022, expected date of completion is April 27, 2022.

Hideep Co., Ltd. completed the acquisition of NH SPECIAL PURPOSE ACQUISITION 18 COMPANY Co., Ltd. (KOSDAQ:A365590) on April 26, 2022.