Kiwoom Hero No.2 SPAC Files Q1 2026 Quarterly Report - Normal Operations Post-Listing

As of Q1 2026: total assets 1.97 billion won, total liabilities 1.46 billion won (convertible bonds), equity 0.51 billion won, no operating revenue, net loss of 22.9 million won
Completed KOSDAQ listing on April 17, 2026 (public offering of 6,000,000 shares, 120 billion won); all IPO proceeds deposited with KB Kookmin Bank
No merger target identified yet; merger deadline is 36 months from initial subscription date (April 2029) per articles of incorporation
In case of dissolution, escrowed funds will be distributed pro rata to shareholders; pre-IPO shareholders excluded from distribution
Basic loss per share 74 won, no dividends, no share buyback or cancellation