Mirae Asset Vision SPAC 7 Signs Merger Agreement with Auto Hands, Progressing Toward Business Combination

On May 12, 2026, the board resolved to merge with non-listed Auto Hands Co. (merger ratio 1:0.2509636, SPAC absorbed)
Purpose: business expansion, transparency improvement, fund raising; Auto Hands survives
As of quarter-end: total assets 20.28B won (cash 3.73B, short-term financial instruments 16.33B), liabilities 3.53B (convertible bonds 3.39B), equity 16.75B
All IPO proceeds (15.9B won) deposited at Korea Securities Finance; cannot withdraw before merger
Merger approval shareholder meeting expected Oct 7, 2026, merger date Nov 11, 2026, new share listing expected Nov 26, 2026
Merger deadline: within 36 months from IPO payment date (Sept 2024); if not completed, dissolution and return of deposited funds
No dividends, no share buyback or cancellation