Mobidays, Inc. singed a contract to acquire Hana Financial Seventeen Special Purpose Acquisition Company (KOSDAQ:A363260) for approximately KRW 300 billion in a reverse merger transaction on September 17, 2021. Under the terms, Mobidays will issue 14.465 shares for each share of Hana Financial Seventeen. After the merger, the surviving corporation will be Hana Financial Seventeen, and Mobidays will become a disbanded corporation. However, the surviving entity, Hana Financial Seventeen, will succeed to the operations of Mobidays, and the name will be changed to Mobidays, Inc. The transaction is subject to shareholders approval and resolved by the board of Hana Financial Seventeen and expected to complete on May 18, 2022.

Mobidays, Inc. completed the acquisition of Hana Financial Seventeen Special Purpose Acquisition Company (KOSDAQ:A363260) in a reverse merger transaction on May 18, 2022.