T.S.Investment's entire 6.97% stake in NH SPAC 29 cancelled through merger dissolution, converting into new shares of Semites

T.S.Investment Corporation reduced its shareholding in NH SPAC 29 from 1,000,000 shares representing 6.97% to zero due to the SPAC merger and dissolution.
As a result of the merger, existing SPAC shareholders will receive new shares of the surviving company Semites, and T.S.Investment will also receive Semites shares according to the exchange ratio.
Based on the market capitalization of approximately 49.36 billion KRW, the 6.97% stake was eliminated, but this is a temporary change in the merger process without additional dilution.
[AI Summary]T.S.Investment's entire stake in NH SPAC 29 was cancelled due to the merger dissolution, replaced by new shares of Semites. This structural change completes the de-SPAC process, and the impact on shareholder value depends on the future performance of the merged entity.