Kiwoom No.11 SPAC Q1 Report: Normal Operations Pre-Merger

Operating loss of 5.9 million won and net income of 46.8 million won (down from 59.6 million won in same period last year)
Total assets 12.65 billion won, total liabilities 0.84 billion won (convertible bonds), equity 11.81 billion won
No operating revenue; interest income of 72.9 million won
Basic EPS 7.09 won, diluted EPS 7.07 won
Convertible bonds outstanding: 0.80 billion won (face value 0.9 billion, net of conversion discount)
No dividends, no share buyback/cancellation
No specific merger progress; still within the 36-month deadline from IPO
Sound financial position; 100% of trust funds maintained