Jison and Kiwoom No.8 SPAC Merger Approved

Entering the KOSDAQ Market in August

Jison, a company specializing in integrated security solutions, and Kiwoom No.8 SPAC announced on June 26 that the merger proposal between the two companies was approved at an extraordinary general meeting of shareholders held that day.

This merger, which will proceed with the SPAC as the surviving entity, will result in Kiwoom No.8 SPAC remaining as the surviving company. The merger ratio between Kiwoom No.8 SPAC and Jison is 1 to 2.8500190. Kiwoom No.8 SPAC will continue to be traded without any suspension of trading, and the newly issued shares from the merger are scheduled to be listed on August 14.