Bellock.Co., Ltd. agreed to acquire IBKS No.18 Special Purpose Acquisition Company (KOSDAQ:A424760) in reverse merger transaction on November 11, 2022. IBKS No.18 Special Purpose Acquisition Company will issue 1 share for every 5.4335 shares of Bellock.Co., Ltd. Post completion, Bellock.Co., Ltd. will enjoy the benefit of being listed on KOSDAQ. The transaction is expected to close on April 25, 2023.

Bellock.Co., Ltd. completed the acquisition of IBKS No.18 Special Purpose Acquisition Company (KOSDAQ:A424760) from M&M Investment Co., Ltd., Skywalk Asset Management Co., Ltd., JC Asset Management Co., Ltd., and IBK Securities Co., Ltd. in reverse merger transaction for KRW 35.7 billion on April 11, 2023.