Fantagio Co., Ltd. completed the acquisition of Edu Company Corp. in a reverse merger transaction.
As of July 9, 2014, the merger ratio between Edu Company and Fantagio has been revised to 1 is to 9.127930 and 26.09 million shares of Edu Company will be issued. On July 15, the shares to be issued were revised to 23.8 million common shares and 2.3 million of other shares of Edu Company. As of September 4, 2014, the transaction has been approved by shareholders of Edu Company Corp and Fantagio. The merger is expected to close by October 2, 2014. Expected listing date of the new shares is on November 10, 2014.
Fantagio Co., Ltd. completed the acquisition of Edu Company Corp. (KOSDAQ:A032800) in a reverse merger transaction on October 7, 2014. The name of the surviving public company was changed to Fantagio Corp.