Neon Tech Co., Ltd. signed an agreement to acquire DB Finance No.6 Special Acquisition Co., Ltd. (KOSDAQ:A306620) in a reverse merger transaction on September 6, 2019. Under the terms, DB Finance No.6 Special Acquisition will issue its 1 common share for 7.8975000 common share of Neon Tech and will issue its 1 redeemable convertible preferred stock for 7.8975000 redeemable convertible preferred stock of Neon Tech. Upon completion, DB Finance No.6 Special Acquisition and Neon Tech will merger and DB Finance No.6 Special Acquisition will be the surviving entity. Through this merger, Neon Tech will actually enjoy listing on the KOSDAQ market and simultaneously will gain recognition as a listed company. Post closing, the new name of the combined entity will be Neontech Co., Ltd. Transaction is subject to approval of shareholders of DB Finance No.6 Special Acquisition. The deal is approved by the shareholders of DB Finance No.6 Special Acquisition Co., Ltd. on December 24, 2019. The deal is expected to close on January 7, 2020. Neon Tech Co., Ltd. completed the acquisition of DB Finance No.6 Special Acquisition Co., Ltd. (KOSDAQ:A306620) in a reverse merger transaction on January 29, 2020.