IBKS No.25 SPAC Files Q1 2026 Quarterly Report

KOSDAQ-listed SPAC (Special Purpose Acquisition Company); no merger target identified or process initiated.
Total assets of 12.37 billion won, liabilities 1.34 billion won, equity 11.03 billion won as of Q1 2026.
100% of IPO proceeds (10 billion won) held in trust with KB Kookmin Bank, restricted from withdrawal until merger.
Net profit of 40.66 million won for the quarter (turnaround from net loss of 24.51 million won in prior period).
Convertible bonds of 1.52 billion won (conversion price 1,000 won) outstanding, held by major shareholder and affiliates.
Merger deadline: within 36 months from IPO subscription date (December 19, 2025).
No dividend plan; company maintains no-dividend policy as a SPAC.