Mirae Asset Vision Special Purpose Acquisition Company 10 reports Q1 2026 net profit of KRW 45.2 million; 36-month merger deadline remains

SPAC listed on KOSDAQ in Dec 2025; sole business purpose is merger
End-Q1 2026: total assets KRW 14.88B, liabilities KRW 2.27B, equity KRW 12.61B
Cash and cash equivalents KRW 768M, short-term financial products KRW 14B (trust deposits)
Q1 net profit: KRW 45.2M (financial income KRW 87.98M - operating expenses KRW 13.68M - financial costs KRW 16.34M - tax KRW 12.75M)
No operating revenue, no dividends, no share buyback or cancellation
Merger deadline: 36 months from IPO date (Dec 2025) i.e., by Dec 2028
Convertible bonds: face value KRW 2.5B, 0% coupon, conversion price KRW 1,000/share, up to 2.5M shares
Largest shareholder: Prodige Investment Co., Ltd. (6.77%)
No merger target identified yet