KB No.33 SPAC Q1 2026: No Merger Target Yet, 17.4 Billion Won in Deposits

SPAC's sole business purpose is to merge with another company; no target identified yet
Total assets of 18.04 billion won, with 17.4 billion won in restricted deposits at Korea Securities Finance
Net profit for the quarter: 54.3 million won (interest income 95.4 million, interest expense 17.6 million)
Issued 2.69 billion won in convertible bonds (conversion price 1,000 won, held by related parties)
Merger deadline: must complete business combination within 36 months from IPO payment date (September 2025)
No dividends or share buyback/retirement
Share price stable around 2,000 won
No material lawsuits or contingent liabilities

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