WON TECH Co., Ltd. agreed to acquire Daishin Balance No.8 Special Purpose Acquisition Co., Ltd. for approximately KRW 190 billion in a reverse merger transaction.

WON TECH Co., Ltd. (XKON:A216280) agreed to acquire Daishin Balance No.8 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A336570) for approximately KRW 190 billion in a reverse merger transaction on October 14, 2021. Pursuant to the terms, the exchange ratio will be 12.8635762 shares of WON TECH for each share of Daishin Balance No.8. Upon-completion, WON TECH will be listed on the KOSDAQ market. Transaction is expected to close on June 14, 2022.