Eugene SPAC 12 Files Q1 2026 Report

SPAC pre-merger stage, no target identified yet
Total assets approx. KRW 11.97B, total liabilities approx. KRW 1.23B, equity approx. KRW 10.74B as of Mar 31, 2026
Net profit KRW 37.6M for the quarter (vs. cumulative loss of KRW 16.6M in prior period), operating loss KRW 20.3M
IPO proceeds KRW 10.1B fully deposited in KB Kookmin Bank trust, restricted from withdrawal until merger
Convertible bonds of KRW 1.39B face value, convertible into 1,390,000 shares
If merger not completed within 36 months from initial payment date, company will dissolve and return deposited funds