roborobo Co., Ltd. signed a merger contract to acquire Hana Must Fourth Special Purpose Acquisition Company (KOSDAQ:A215100) in a reverse merger transaction on June 12, 2017. Hana Must Fourth Special Purpose Acquisition Company will issue 13.6 million shares wherein it will issue 68.2422727 share for each 1 roborobo Co., Ltd common share. Once the deal is completed, Hana Must Fourth Special Purpose Acquisition Company would have accomplished its only business purpose, which is to merge with another company; and the actual management activities will be done through roborobo Co., Ltd. As on December 4, 2017, the headquarters of Hana Must Fourth Special Purpose Acquisition Company changed to 6, Dobong-ro 54-gil, Gangbuk-gu, Seoul. Transaction is subject to approval of shareholders of both the companies. The merger is expected to close by October 31, 2017. As per an amendment report on August 23, 2017, the deal is expected to close on December 1, 2017.