Nuon Co.,Ltd. entered into an agreement to acquire NH Special Purpose Acquisition 24 Company (KOSDAQ:A437780) from SBI Investment Co., Ltd. and others for KRW 1.2 billion in a reverse merger transaction on April 18, 2023. As per the terms, the merger ratio is 1 :0.1123687. A total of 565, 214 shares will be issued.

Transaction is expected to be closed on September 19, 2023.