SIMPAC Inc. (KOSE:A009160) agreed to acquire SIMPAC Inc. on June 17, 2024. The consideration consists of 36.72 million common equity of SIMPAC Inc. at a ratio of 36.72433 per common equity of SIMPAC Inc. As part of consideration, an undisclosed value is paid towards common equity of SIMPAC Inc. The expected completion of the transaction is September 1, 2024.