- Business
- Eugene SPAC X Eugene Special Purpose Acquisition 10 Co., Ltd (468760.KQ) operates as a blank check company, or special purpose acquisition company (SPAC), formed for the sole purpose of effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses; it targets growth-oriented industries including renewable energy, biopharmaceuticals and medical devices, electronics and communication, secondary batteries, software and services, games and mobile, and new materials. The company provides no current operational products or services beyond its SPAC structure, which holds cash raised from its initial public offering for deployment into a target entity; it maintains a three-year time limit for completing a business combination, with potential extensions or liquidation if no deal materializes. Founded in 2023 and headquartered in Seoul, South Korea, Eugene SPAC X conducts its activities primarily within the Korean market, employing a small team of three and listing on the KOSDAQ exchange under ticker 468760 with ISIN KR7468760004. In recent developments, the company completed an initial public offering in February 2024 raising KRW 8 billion, following its IPO filing in 2023, to fund potential acquisitions; no mergers, partnerships, or target announcements have occurred as of late 2025, positioning it as an active shell company in the financial services sector focused on high-growth sectors.