Dawon Nexview Co., Ltd. entered into a merger agreement to acquire Shinhan 9th Special Purpose Acquisition Company Co., Ltd. from M&M Investment Co., Ltd. and others for KRW 12.7 billion in a reverse merger transaction.

Dawon Nexview Co., Ltd. (XKON:A323350) entered into a merger agreement to acquire Shinhan 9th Special Purpose Acquisition Company Co., Ltd. (KOSDAQ:A405640) from M&M Investment Co., Ltd. and others for KRW 12.7 billion in a reverse merger transaction on November 13, 2023. The merger ratio is 1:0.2796029. Upon completion, Dawon Nexview will survive the merger and will get listed on KOSDAQ.

Scheduled Date of Shareholders' Meeting is on March 11, 2024. Transaction is subject to shareholders approval. The merger is expected to close on April 16, 2024.