Kyobo 18 SPAC Posts Q1 Net Loss of KRW 33.4M; No Merger Progress

Net loss of KRW 33.4M for the quarter (EPS -KRW 6.63), operating loss KRW 28.1M
Total assets: KRW 11.54B, liabilities: KRW 1.95B, equity: KRW 9.59B
Cash & cash equivalents: KRW 2.46B, short-term financial instruments (trust): KRW 9.00B (total: KRW 11.46B)
Convertible bonds (face value): KRW 2.16B, convertible into 2.16M shares (conversion price KRW 1,000)
No merger target identified yet; within 36-month statutory merger period
No dividends; no share buyback or cancellation