NH SPAC 34(0197V0) is surging 163% on the first day of its KOSDAQ listing on the 10th.
As of 9:15 a.m. on the 10th, NH SPAC 34 is trading on the KOSDAQ at 5,260 won, up 163% (3,260 won) from the offering price (2,000 won).
SPAC (special purpose acquisition company) stocks are merger-only listed companies established to help unlisted companies go public. They must merge with an unlisted company within three years, and if they fail to find a merger target, they are automatically delisted.
NH Investment & Securities led the listing of NH SPAC 34, which is pursuing a merger with corporations engaged in industries such as renewable energy, biopharmaceuticals and medical devices, IT convergence systems, LED applications, green transportation systems, carbon reduction energy, advanced water treatment, advanced green cities, broadcasting and telecommunications convergence industries, robotics applications, new materials and nano convergence, high value-added food industries, entertainment, auto parts manufacturing, IT, and semiconductors.