Ebest SPAC No.6 Q1 2026 Report - Merger Target Search Ongoing

Ebest SPAC No.6 is a KOSDAQ-listed SPAC with the sole purpose of merger.
Total assets of 10.15 billion won, liabilities 0.94 billion won, equity 9.21 billion won as of March 2026.
Cash and equivalents 1.77 billion won, short-term financial instruments 8.22 billion won (100% of IPO funds in trust).
No operating revenue; interest income of 49 million won; net income of 22.8 million won (EPS 4.55 won).
Outstanding convertible bonds (1st issue) of 0.89 billion won (face value 0.98 billion won) held by LS Securities.
Must complete merger within 36 months from listing date (July 12, 2024), i.e., by July 2027.
Largest shareholder: Intelligence Partners Co., Ltd. (19.92%).
No dividend, no share buyback or cancellation.
Auditor: Ichon Accounting Corp.; unqualified opinion.