KB No.27 SPAC Designated as Managed Stock as Merger Deadline Nears

Designated as a managed stock on April 27, 2026, under Kosdaq listing rules due to merger delay.
Mandatory merger completion within 36 months of listing (Nov 2023): deadline approaching Nov 2026.
Total assets of 31.4 billion won as of March 31, 2026, mostly held in trust with Korea Securities Depository (26.47 billion).
Net profit of 101 million won in Q1 2026 from interest income; no operating revenue.
No dividend policy; no share buyback or cancellation.
Largest shareholder: Yelloc Management (3.10%); KB Securities and related parties hold convertible bonds.
In case of merger failure, dissolution and distribution of trust funds preferentially to public shareholders.

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