TS Trillion Co., Ltd. (XKON:A284610) signed a merger contract to acquire Hi Special Purpose Acquisition Company IV (KOSDAQ:A317240) from Samsung Securities Co.,Ltd., Asset Management Arm and others for KRW 95.5 billion in a reverse merger transaction on June 25, 2020. As of October 19, 2020, 46.2 million shares will be issued as a part of the transaction. If the total number of shares that exercise the right to buy stocks against the merger exceeds 33.33% of the total number of shares issued, the Board of Directors of the surviving or extinguished company may decide to complete this agreement without continuing the merger. The expected date of listing on the merged new stock is the expected date of listing on the KOSDAQ. Hi Special Purpose Acquisition Company IV is expected to be listed on the KOSDAQ market at the end of December, 2020 after changing its name to 'TS Trilion'. The scheduled listing date for the merged new stock is December 30, 2020. The deal is subject to approval of shareholders of both TS Trillion and Hi Special Purpose Acquisition Company. The Board of Directors of Hi Special Purpose Acquisition Company passed a resolution for the deal on June 25, 2020. As of November 13, 2020, the transaction was approved as a result of the temporary shareholders' meeting of TS Trillion Co., Ltd. The planned merger date is November 16, 2020. As of September 28, 2020, the transaction shall now close on December 16, 2020. As of October 19, 2020, the transaction is expected to close on December 15, 2020. TS Trillion Co., Ltd. (XKON:A284610) completed the acquisition of Hi Special Purpose Acquisition Company IV (KOSDAQ:A317240) from Samsung Securities Co.,Ltd., Asset Management Arm and others in a reverse merger transaction on December 30, 2020.