Yuanta 16 SPAC Files Q1 2026 Quarterly Report - No Material Events

Yuanta 16 Special Purpose Acquisition Company (SPAC) filed its Q1 2026 quarterly report.
Total assets: KRW 12.93 billion; total liabilities: KRW 1.74 billion (CB KRW 1.63 billion); total equity: KRW 11.19 billion.
Net profit for the quarter: KRW 0.039 billion (EPS 7 won); operating loss: KRW 0.015 billion; interest income: KRW 0.082 billion.
100% of IPO proceeds held in trust (Kookmin Bank), cannot be withdrawn before merger.
No merger target identified yet; merger must be completed within 36 months from incorporation (by December 2026).
Founders' voting rights restricted; convertible bonds subject to 6-month to 1-year lock-up.
No dividends; no share buyback or cancellation.