Davolink Inc. agreed to acquire Yuanta 6 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A340360) from Yuanta Securities Co., Ltd., Smilegate Entertainment Inc., Dt&Investment Co.,Ltd., Seoul & Partners, Innovation Investment Advisory and others in a reverse merger transaction for KRW 13.8 billion on September 18, 2020. Merger ratio is Yuanta 6 Special Purpose Acquisition Co., Ltd. : Davolink Inc. is equals to 1 : 12.2135000. Upon completion, Yuanta 6 Special Purpose Acquisition Co., Ltd. becomes a surviving corporation, and Davolink Inc. becomes an extinction corporation.

Post completion, Yonghwa Lee, Chief Executive Officer and 39.9% stake holder of Davolink Inc., will be largest shareholder of merged entity and the ownership ratio including related persons will be 51.01%. As of April 20, 2021, the largest shareholder is changed to chief Executive Officer, Yonghwa Lee and the stake including related persons is  50.79% (merger ratio: 1:11.8820000) and there will be no problem in securing stable management rights of Davolink Inc. after the merger. As of May 3, 2021, Scheduled Shareholders' Meeting will be held on June 17, 2021.

As of May 18, 2021, the merger ratio is 1: 11.5085000. 34 million new shares will be issued. The transaction is expected to be completed on February 26, 2021.

As on February 26, 2021, the expected merger date is June 24, 2021. As on May 03, 2021, the expected merger date is July 27, 2021. As of May 18, 2021, the expected closing date is July 28, 2021.