Shinyoung HappyTomorrow No. 11 SPAC Files Q1 Report

Regular quarterly report of SPAC; no merger target identified yet
Total assets: 14.01 billion won (from 13.95 billion), liabilities: 1.98 billion, equity: 12.03 billion
Net profit for quarter: 42.6 million won (vs. net loss of 17.9 million in prior period, due to interest income)
IPO proceeds fully deposited with Kookmin Bank; withdrawal restricted prior to merger
Convertible bonds: 2.19 billion won (face value), conversion price 1,000 won, maturity 2030
EPS 7 won; no dividends; no material changes or events