Hyundai Movex Co., Ltd. signed a contract to acquire Nh Special Purpose Acquisition 14 Co., Ltd. (KOSDAQ:A319400) for approximately KRW 190 billion in a reverse merger transaction on August 11, 2020. Under the terms of the contract, the shares will be exchanged at a ratio of 1: 5.2419995. Nh Special will issue 93.1 million shares to acquire Hyundai Movex. As part of the transaction, on completion of merger of Nh Special Purpose Acquisition 14 Co., Ltd. becomes a surviving corporation, and Hyundai Movex Co., Ltd. becomes an extinct corporation. The transaction is subject to amendment of related laws and regulations, consultation and approval process with related organizations and approvals from the shareholders of Nh Special Purpose Acquisition 14 Co., Ltd and Hyundai Movex Co., Ltd. Board of directors of Nh Special Purpose Acquisition 14 Co., Ltd resolved the transaction and expected to be completed on January 15, 2021. As of December 3, 2020, the transaction is expected to complete on February 26, 2021. Hyundai Movex Co., Ltd. competed the acquisition of Nh Special Purpose Acquisition 14 Co., Ltd. (KOSDAQ:A319400) in a reverse merger transaction on February 23, 2021.