Coreline Soft, Co., Ltd. agreed to acquire Shinhan 7th Special Purpose Acquisition Company (KOSDAQ:A366330) for KRW 1.8 billion in a reverse merger transaction on March 17, 2023. When the merger between Coreline Soft, Co., Ltd. and Shinhan 7th Special Purpose Acquisition Company is completed, Coreline Soft, Co., Ltd. becomes a surviving corporation, and Shinhan 7th Special Purpose Acquisition Company becomes a extinguished corporation, The corporation, Coreline Soft, Co., Ltd., will have the effect of being listed on the KOSDAQ market. The transaction is expected to complete on August 8, 2023.

As of May 26, 2023 transaction is expected to close on September 5, 2023.