On the 27th, the first day NH SPAC No. 33 debuted on the KOSDAQ market, it jumped more than 200% in early trading.
As of 9:45 a.m., NH SPAC No. 33 was trading at 6,170 won, up 4,170 won (208.50%) from its offering price of 2,000 won.
A SPAC (special purpose acquisition company) is a shell company established solely for mergers and acquisitions of corporations. It must merge with a high-quality unlisted company within three years. If it fails to find a merger partner, it is automatically delisted.
NH Investment & Securities is underwriting NH SPAC No. 33, which recorded a 569.27-to-1 competition rate in the public offering subscription for retail investors held on the 17th and 18th. It raised about 1.8 trillion won in subscription deposits.
The merger target industries for NH SPAC No. 33 include renewable energy, biopharmaceuticals (resources) and medical devices, IT convergence systems, green transportation systems, carbon reduction energy, advanced water treatment, advanced green cities, broadcasting and telecommunications convergence, robotics applications, new materials and NANO convergence, high value-added foods, entertainment, auto parts manufacturing, and semiconductors.