Hana 30 SPAC Files Q1 Report; Merger Delay Risk Remains

Hana 30 SPAC filed its 4th quarter 1 report on May 14, 2026.
Net income for the quarter: KRW 35,892 thousand (down from KRW 57,624 thousand in prior quarter).
Total assets: KRW 18,029,027 thousand; liabilities: KRW 2,905,597 thousand; equity: KRW 15,123,430 thousand.
IPO proceeds of KRW 14 billion fully deposited with Korea Securities Finance Corporation (restricted).
Cash and cash equivalents: KRW 713,377 thousand; short-term financial instruments: KRW 17,124,211 thousand.
Convertible bond (1st unsecured private placement): KRW 2,773,506 thousand (face value KRW 2,995,000 thousand).
No merger target identified yet; deadline: December 2026.
Founding shareholders restricted from voting and exercising appraisal rights per shareholder agreement.
No dividends or share buyback/ cancellation mentioned.