Daishin Balance No.19 SPAC, Q1 2026 Report - No Merger Progress, Stable Finances

SPAC's sole purpose (merger) ongoing, merger target not yet identified
Listed on KOSDAQ on 2024.11.20, merger deadline 36 months (by 2027.11.19)
Q1 2026 net income of KRW 27.3 million (interest income), operating loss of KRW 8.5 million
Total assets of KRW 13.67 billion, of which KRW 13.66 billion deposited (trust at KB Kookmin Bank) - 100% of IPO funds deposited
Total equity KRW 11.66 billion, net debt -KRW 0.36 billion (cash > borrowings)
Convertible bonds (face value KRW 2,385 million, conversion price KRW 1,000, maturity 2029) outstanding
No share buyback/cancellation or dividends
Stock price around KRW 2,200, average daily volume approx. 8,166 shares