KB No.30 SPAC Q1 2026: Net Profit Declines, Merger Deadline Ticking

Q1 2026 net profit of 34 million won (down 39% from 56 million won in Q1 2025)
Operating loss of 8 million won (vs 6 million won last year), due to lower interest income (65 million vs 89 million)
Total assets 12.2 billion, liabilities 1.6 billion (including 1.5 billion convertible bonds), equity 10.6 billion
100% of IPO proceeds (10.3 billion won) deposited with Korea Securities Finance, cannot be withdrawn before merger
Merger deadline: must complete merger registration within 36 months from IPO (by September 24, 2027)
No merger target identified as of report date; still searching
Convertible bonds of 1.69 billion won (conversion price 1,000 won, 1.69 million shares) held by KB Securities (1.39B) and Maple Investment Partners (0.3B)
No dividends, no share buyback or cancellation planned