Hana 35 SPAC files Q1 2026 report - still seeking merger target

Hana 35 SPAC filed its Q1 2026 quarterly report
Listed on KOSDAQ in August 2025, searching for merger target
Total assets 13,444 million won, liabilities 1,859 million won (including CB 1,781 million won), equity 11,585 million won
Convertible bonds of 1,970 million won (conversion price 1,000 won, 0% coupon)
Net profit in Q1: 37.8 million won (interest income)
Merger deadline: 36 months after IPO (by August 2028)
Founders cannot vote on merger; IPO proceeds of 11 billion won are restricted