Blitzway Co., Ltd. completed the acquisition of Daishin Balance No.9 Special Purpose Acquisition Co., Ltd. from Alliance Capital Partners Co., Ltd. and others in a reverse merger transaction.
December 06, 2021
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Blitzway Co., Ltd. signed a contract to acquire Daishin Balance No.9 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A369370) from Alliance Capital Partners Co., Ltd. and others for KRW 76.2 billion in a reverse merger transaction on June 23, 2021. The merger ratio of 1:30.1355000 agreed upon by the Blitzway and Daishin. When the merger is competed Blitzway Co., Ltd has the effect of being listed on the KOSDAQ while maintaining the continuity of its business. The transaction is subject to approval of shareholders of Daishin Balance. The transaction is expected to be closed on December 7, 2021.
Blitzway Co., Ltd. completed the acquisition of Daishin Balance No.9 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A369370) from Alliance Capital Partners Co., Ltd. and others in a reverse merger transaction on December 7, 2021.
Blitzway Studios Co Ltd, formerly Blitzway Co Ltd, is a Korea-based company primarily engaged in the business of producing and distributing figures. The Company operates through three segments. The Figure segment is mainly engaged in the production of figures based on characters such as human action figures, animation action figures, and Sticky Monster Lab. The Drama segment is engaged in the production of dramas. The Other segment is mainly engaged in the development of intellectual property (IP) rights.
Blitzway Co., Ltd. completed the acquisition of Daishin Balance No.9 Special Purpose Acquisition Co., Ltd. from Alliance Capital Partners Co., Ltd. and others in a reverse merger transaction.