Wing's Foot.,Inc signed a merger contract to acquire Sk Acpc No.4 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A307070) from Alliance Capital Partners Co., Ltd. and others for KRW 24.4 billion in a reverse merger transaction on September 29, 2020. The shares will be exchanged at a ratio of 1:97.5 and a total of 12.1 million new shares will be issued. When the merger is completed, Wing’s Foot., Inc. has the effect of listing on the KOSDAQ market while maintaining business continuity. Alliance Capital Partners Co., Ltd. will sell 16.5% stake. Post completion of merger, Young-cheon Kim, the largest shareholder of Wing's Foot.,Inc will hold largest shares in the new company i.e. 33.6%. The Board of Sk Acpc No.4 Special Purpose Acquisition Co., Ltd. resolved the deal on September 29, 2020. The deal requires approval from shareholders of Sk Acpc No.4 Special Purpose Acquisition Co., Ltd. in meeting due on January 19, 2021. The deal is expected to close on February 22, 2021. As of February 22, 2021, the expected date of closing is corrected to June 21, 2021. The shareholder meeting is now scheduled on May 18, 2021. E-Chon Accounting Corporation acted as external evaluator. Wing's Foot.,Inc cancelled the acquisition of Sk Acpc No.4 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A307070) from Alliance Capital Partners Co., Ltd. and others in a reverse merger transaction on March 17, 2021. Due to internal circumstances of company the deal was canceled.