(Photo=ilooda)

 

[Alpha Biz= Reporter Kim Jisun] On the 26th, according to the Korea Exchange, ilooda's stock price closed at 7,180 KRW, down 6.39% from the previous trading day. Classys also saw a decline, closing at 51,200 KRW, down 1.35%.

The previous day, Classys announced that it would absorb ilooda by October this year. Classys plans to create synergy by combining its well-known High-Intensity Focused Ultrasound (HIFU) technology, used in Shrink equipment, with ilooda's microneedle RF (radiofrequency) technology.

The merger ratio is set at 1:0.1405237, meaning Classys will issue approximately 0.14 shares for each ilooda share. After the merger, ilooda will cease to exist, and ilooda shareholders opposing the merger can exercise their appraisal rights at 7,293 KRW per share.

 

 

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