NH SPAC 12, Shareholders Approve Merger with WiseBuzz

Merger Approved with Unanimous Shareholder Consent
Scheduled for KOSDAQ Market Listing on August 5

[Asia Economy Reporter Eunmo Koo] The merger between NH SPAC 12 and WiseBuzz has been confirmed.

NH SPAC 12 announced on the 17th through a disclosure that the merger with WiseBuzz was approved as originally planned following the extraordinary general meeting of shareholders.

The merger resolution at this shareholders' meeting was approved with the unanimous consent of attending shareholders, who represented 47.6% of the total issued shares. Accordingly, NH SPAC 12 will change its name to WiseBuzz and is scheduled to be listed on the KOSDAQ market in early August.

An official from NH SPAC 12 stated, "WiseBuzz is an ad tech company that satisfies the needs of advertisers, media, and consumers through personalized advertising," adding, "It has been recognized for its business growth potential and stability as an advertising expert suited for the digital advertising era."

WiseBuzz is a domestic RTB (Real Time Bidding) advertising specialist company based on global media partnerships such as Facebook, Instagram, and Google. Through its self-developed RTB advertising optimization solution ADWITT, it refines targeting and optimizes ad execution to maximize advertising operation efficiency. Based on this, it surpassed 100 billion KRW in transaction volume within four years of establishment and has secured clients such as Samsung Electronics, Gmarket, and Netmarble.

Kim Jong-won, CEO of WiseBuzz, expressed his ambition, saying, "After listing, we will secure high profitability by developing and supplying advertising platforms to major media, while continuously expanding new media and diversifying new businesses such as creative business and search advertising business to establish a foundation for sustainable growth."

Meanwhile, NH SPAC 12 and WiseBuzz plan to complete the merger process by the end of July after the stock purchase request period from today until July 7. The scheduled listing date for the new merged shares is August 5.