Sp Soft Co., Ltd. agreed to acquire IBKS No.19 Special Purpose Acquisition Company (KOSDAQ:A426550) for KRW 7.3 billion in reverse merger transaction on May 12, 2023. When the merger between SPSOFT Co., Ltd. and IBKS No. 19 Corporate Acquisition Purpose Co., Ltd. is completed, SPSOFT Co., Ltd. becomes the surviving corporation, and IBKS No. 19 Corporate Acquisition Purpose Co., Ltd. becomes a extinguished corporation, and the surviving corporation The corporation, SPSOFT Co., Ltd., will have the effect of being listed on the KOSDAQ market. The transaction is subject to shareholders? approval by December 22, 2023. The deal is expected to close on October 24, 2023. As of October 5, 2023 The deal is expected to close on January 23, 2024.

Sp Soft Co., Ltd. completed the acquisition of IBKS No.19 Special Purpose Acquisition Company (KOSDAQ:A426550) on January 23, 2024.