Hanbit Laser Corp. completed the acquisition of DB Finance No.10 Special Purpose Acquisition Co., Ltd. from STIC Ventures, Inc. in reverse merger transaction.
Hanbit Laser Corp. agreed to acquire DB Finance No.10 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A404950) from STIC Ventures, Inc. in reverse merger transaction for KRW 8 billion on April 3, 2023. When the merger between HBL Corporation and DB Finance No.10 Special Purpose Acquisition Co., Ltd. is completed, HBL Corporation becomes a surviving corporation, and DB Finance No.10 Special Purpose Acquisition Co., Ltd. becomes a extinguished corporation. The effect of listing HBL Corporation, a corporation, on the KOSDAQ market will occur. Transaction is expected to complete on December 12, 2023.
Hanbit Laser Corp. completed the acquisition of DB Finance No.10 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A404950) from STIC Ventures, Inc. in reverse merger transaction on December 12, 2023.