Pro-Icheon Co., Ltd agreed to acquire Eugene Special Purpose Acquisition 4 Co., Ltd (KOSDAQ:A321260) in a reverse merger transaction for KRW 51.2 billion on April 29, 2021. The contract was signed on July 19, 2021. Under the terms the merger ratio is 1:537.8770602. As per the correction made on August 20, 2021, the merger ratio was changed to 1: 531.2412829 and Eugene will issue 23.4 million shares to acquire Pro-Icheon. The Board of Eugene Special Purpose Acquisitions 4 Company resolved the transaction on July 17, 2021. The Board resolution date is April 29, 2021. The transaction is expected to close on October 7, 2021.

Pro-Icheon Co., Ltd completed the acquisition of Eugene Special Purpose Acquisitions 4 Company (KOSDAQ:A321260) in a reverse merger transaction on October 12, 2021. As a result of the merger, the head office location has been changed from 24, Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul (Yeoido-dong, Eugene Building) to 17, Gosan-ro 148beon-gil, Gunpo-si, Gyeonggi-do.