DB Finance No.12 SPAC's Trading Suspension Lifted Due to Merger Withdrawal... Share Price Decline Risk and Potential Liquidation


  • The KOSDAQ Market Division lifted the trading suspension on DB Finance No.12 SPAC due to the withdrawal of its merger decision.
  • This indicates the SPAC has abandoned its previously planned merger, and if it fails to find a new target within the merger deadline, it may enter liquidation proceedings.
  • Investors should closely monitor the stock price adjustment following the merger failure, the SPAC's remaining duration, and prospects for a new merger.
  • [AI Comprehensive Analysis]This merger withdrawal sends a negative signal for DB Finance No.12 SPAC's enterprise value, with expected short-term downward pressure on the stock price. If a new merger is delayed, the liquidation risk could materialize, warranting a conservative approach.

KOSDAQ Filing Information


  • Filing: Cancellation of Trading Suspension of Securities (Withdrawal of Merger Decision)
  • Company: DB Finance No.12 Special Purpose Acquisition (477760)
  • Submission: KOSDAQ Market Division
  • Receipt: 05-26-2026
  • Under KRX KOSDAQ Market Division