Kiwoom No.10 SPAC Agrees to Merge With ETS
Bitget2026/10/30 10:43- ETS will absorb Kiwoom No.10 Special Purpose Acquisition Company, securing a Kosdaq listing while the SPAC ceases to exist.
- Shareholders receive 0.1912442 ETS shares per SPAC share, based on per-share valuations of KRW 10,458 and KRW 2,000, respectively.
- The merger is scheduled for April 26, 2027, with shareholder votes set for March 22, 2027.
- ETS will issue 808,962 common shares, scheduled to begin trading on May 12, 2027.
- The transaction aims to fund business expansion and technology development while strengthening ETS’s financial structure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Indonesian Rupiah: External headwinds and MSCI risks – OCBC
Taiwan Dollar: Strong fundamentals but near-term pressure – Commerzbank
Hassett Downplays AI Debt Risk: The Industry Has Sufficient Funds, No Risk of Broad Sell-Off
Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.
Crypto prices
More
