NH Investment & Securities Liquidates Entire Stake in NH SPAC 29 Due to Merger, Holdings Reduced to 0%

Due to the merger of the issuer NH SPAC 29 with SEMI TS Co., Ltd., the filer NH Investment & Securities and its special relation NH Futures lost all their holdings (50,000 voting shares, 1,450,000 convertible bonds, etc., totaling 2,000,000 shares representing 12.27%), reducing the ownership ratio to 0%.
This is a routine step in the SPAC merger process: after the merger, new shares of SEMI TS will be listed, and existing SPAC shareholders will receive SEMI TS shares according to the merger ratio.
The change in holdings is solely due to the merger dissolution, not for affecting management control, and no additional contracts or financing were involved.
[AI Summary]The complete disposal of NH Investment & Securities' SPAC holdings is a normal procedure following the merger and does not directly imply a loss for existing shareholders. However, investors should carefully assess the business fundamentals and growth prospects of the merged entity (SEMI TS) to evaluate potential dilution and value changes post-listing.