Udmtek Co., Ltd. entered into an agreement to acquire Daishin Balance No.13 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A438220) from M&M Investment Co., Ltd., and others in a reverse merger transaction for KRW 14.4 billion on April 25, 2023. After completion, Udmtek Co., Ltd. will benefit from being listed on KOSDAQ. The merger ratio is 1:0.2103049. The transaction is expected to close on September 26, 2023. As of June 14, 2023. The merger ratio is 1: 1.0515247. The number of merger share has been increased to 5.930597.

Udmtek Co., Ltd. cancelled the acquisition of Daishin Balance No.13 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A438220) on August 1, 2023.