Eugene SPAC 11 Files Q1 2026 Quarterly Report: Assets 11.16B KRW, Net Income 23.8M KRW (Neutral)

The company's sole business is a merger; no target has been selected yet (no negotiations disclosed).
Total assets: 11.16 billion KRW, liabilities: 1.61 billion, equity: 9.55 billion (slight increase from prior quarter).
Cash and deposits: 9.24 billion, other financial assets: 1.79 billion.
Net income for the quarter: 23.8 million KRW (financial income 67.7 million, financial costs 18.5 million).
No dividends (per charter, no dividends until merger).
Merger deadline: within 36 months from IPO subscription (approximately 18 months remaining).