Group of investors agreed to acquire 13.83% stake in DAVOLINK Inc. (KOSDAQ:A340360) from TERA SCIENCE.Co.,LTD (KOSDAQ:A073640) for KRW 12.6 billion on February 23, 2024. Under the terms, the transfer price is KRW 2100 per share. Of the total consideration, KRW 630 million shall be paid as down payment while the balance shall be paid at closing.

The transaction is expected to complete on February 29, 2024. The transaction is expected to complete on March 26, 2024. As of April 11, 2024, the transaction is expected to close on April 30, 2024.

As of April 30, 2024, the deal is expected to be completed on May 10, 2024.