Mocomsys, Inc. agreed to acquire Shinhan 6th Special Purpose Acquisition Company (KOSDAQ:A333050) in a reverse merger transaction on April 8, 2022. Mocomsys will issue 219.3941817 shares for every one share of Shinhan 6th Special Purpose Acquisition Company. Post completion of the transaction, Mocomsys will enjoy the benefit of being listed on the KOSDAQ.

The transaction is subject to shareholder approval. The transaction is expected to close on August 23, 2022. As of June 27, 2022, The transaction is expected to close on September 30, 2022.