Shinhan 14th SPAC Reports Q1 2026 Net Profit of KRW 49.33M; Merger Target Undetermined

Q1 2026 net profit of KRW 49.33 million (EPS KRW 9) from financial income, no operating revenue
Total assets of KRW 12.11 billion, with entire IPO proceeds of KRW 10 billion held in trust at KB Kookmin Bank
5.64 million common shares outstanding, par value KRW 100, share capital KRW 564 million
KRW 1.36 billion convertible bonds outstanding (held by sponsors including Shinhan Securities)
Merger target remains undetermined (must complete merger within 36 months per articles)
No dividends paid (no shareholder return policy)
Sponsor shares locked up for 6 months after merger listing (Shinhan Securities for 1 year)