Korea Information Certificate Authority, Inc. (KOSDAQ:A053300) signed an agreement to acquire Mirae Technology Co., Ltd. (KOSDAQ:A213090) from Daou Data Corp. (KOSDAQ:A032190) and others for KRW 88.6 billion on June 28, 2021. Under the terms of transaction, Korea Information Certificate Authority will issue 10.611 million shares to the shareholders of Mirae Technology at an exchange ratio of 1.733655.

Following merger, Korea Information Certificate Authority, Inc. will be the surviving entity. Transaction is subject to customary closing conditions, including approval from Fair Trade Commission, duly approved at the general meeting of shareholders of each party, government approvals required to be obtained prior to the date of the merger. Korea Information Certificate Authority's shareholders meeting is scheduled on August 13, 2021.

The transaction is approved by the board of Korea Information Certificate Authority. Transaction is expected to close by September 13, 2021. As of July 8, 2021, the transaction is expected to close on September 25, 2021.