Roborobo Co., Ltd. completed the acquisition of Hana Must Fourth Special Purpose Acquisition Company in a reverse merger transaction.
December 30, 2017
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roborobo Co., Ltd. signed a merger contract to acquire Hana Must Fourth Special Purpose Acquisition Company (KOSDAQ:A215100) in a reverse merger transaction on June 12, 2017. Hana Must Fourth Special Purpose Acquisition Company will issue 13.6 million shares wherein it will issue 68.2422727 share for each 1 roborobo Co., Ltd common share. Once the deal is completed, Hana Must Fourth Special Purpose Acquisition Company would have accomplished its only business purpose, which is to merge with another company; and the actual management activities will be done through roborobo Co., Ltd. As on December 4, 2017, the headquarters of Hana Must Fourth Special Purpose Acquisition Company changed to 6, Dobong-ro 54-gil, Gangbuk-gu, Seoul. Transaction is subject to approval of shareholders of both the companies. The merger is expected to close by October 31, 2017. As per an amendment report on August 23, 2017, the deal is expected to close on December 1, 2017.
roborobo Co., Ltd. the acquisition of Hana Must Fourth Special Purpose Acquisition Company (KOSDAQ:A215100) in a reverse merger transaction on December 1, 2017. The merger registration date is expected to be December 4, 2017. Changnam Jang, Byungsoo Park, Hyunjin Cho were appointed as internal Director of Hana Must Fourth Special Purpose Acquisition Company while Kwangseok Song was appointed the external Director.
RoboRobo Co Ltd is a Korea-based company principally engaged in the manufacture and sale of robots. The Company is engaged in the manufacture and sale of Internet security monitoring pet dog robots, Internet security monitoring cleaning game robots, educational robots and other products. The Company was established in 2000.