Axgate Co., Ltd. agreed to acquire IBKS No.12 Special Purpose Acquisition Company (KOSDAQ:A335870) in a reverse merger transaction on August 7, 2020. The merger ratio is 1:1.451. Upon-completion, IBKS No.12 shall be the surviving entity. Shareholder confirmation date is October 30, 2020. The transaction is expected to be completed on January 8, 2021. Axgate Co., Ltd. cancelled the acquisition of IBKS No.12 Special Purpose Acquisition Company (KOSDAQ:A335870) in a reverse merger transaction on November 16, 2020. The transaction was cancelled due to internal circumstances of Axgate