On the 22nd, SPAC stocks listed on the KOSDAQ market are surging in early trading.

On the morning of the 22nd, as the KOSPI opens higher, the KOSPI index is trading at 4,092.61, up 72.06 points (1.79%) from the previous session, on the status board at the deal room of Hana Bank in Jung-gu, Seoul. The KOSDAQ is trading at 924.19, up 8.92 points (0.97%) from the previous session, and the won-dollar exchange rate is at 1,477.60 won, up 1.30 won (0.09%). /Courtesy of News1

As of 9:07 a.m. that day, Mirae Asset Vision SPAC No. 11 is trading at 4,200 won, up 110.00% (2,200 won) from its offering price (2,000 won). Hana SPAC No. 36 is also trading at 2,640 won, up 32.00% (640 won) from its offering price (2,000 won).

A SPAC (special purpose acquisition company) is a shell company established solely for mergers and acquisitions. It must merge with a promising unlisted company within three years. If it fails to find a merger target, it is automatically delisted.

The target industries for Mirae Asset Vision SPAC No. 11's merger include robot applications, renewable energy, biopharmaceuticals and medical devices, IT convergence systems, LED applications, green transportation systems, carbon-reducing energy, advanced water treatment, broadcasting and telecommunications convergence, new materials and nano convergence, high value-added food industry, entertainment, auto parts manufacturing, IT and semiconductors, and other industries with future growth drivers.

The target industries that Hana SPAC No. 36 is focusing on for mergers include manufacturing; electricity, gas, steam, and water supply; sewage and waste treatment; raw material recycling and environmental restoration; construction; publishing, video, broadcasting and telecommunications, and information services; professional, scientific, and technical services; and business facility management and business support services.

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