Korea No.16 Special Purpose Acquisition Co. LTD.
KKRX:0164H01,951.00
KRW
+7.00
(+0.36%)
ISIN
KR70164H0007
Return %
Stock
S&P 500
1Y
- -
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
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- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Seoul South Korea
- IPO Date
- Jun 30, 2026
- Similar Companies
- Business
- Korea No.16 Special Purpose Acquisition Co. LTD. is a South Korea-based special purpose acquisition company (SPAC) formed for the primary purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more unlisted growth enterprises. The company operates as a blank-check corporate vehicle within the financial services and capital markets sector, focusing on identifying, screening, structuring, and executing reverse-merger transactions to facilitate the public listing of high-potential private companies on the Korea Exchange. Its core financial, administrative, and transaction-structuring capabilities encompass public equity capital aggregation and escrow account stewardship; target identification, technical assessment, and comprehensive due diligence screening; valuation modeling, transaction negotiation, and deal structuring; regulatory filing compliance, prospectus development, and shareholder meeting administration; and merger execution facilitation to transition privately held operating businesses into publicly traded entities. The company concentrates its acquisition strategy primarily on prospective targets operating across high-growth industrial sectors in South Korea, including electronics and telecommunications; software, cloud, and IT-enabled services; biotechnology, pharmaceuticals, and medical devices; secondary batteries and energy storage technologies; mobile applications, gaming, and digital entertainment; renewable energy and clean technology; automotive parts and electric mobility systems; and advanced materials manufacturing. Recent major developments include the company's successful initial public offering on the KOSDAQ market of the Korea Exchange in June 2026 under ticker 0164H0, which raised approximately KRW 11.0 billion in gross proceeds through the public placement of 5.5 million common shares at an offer price of KRW 2,000 per share under the primary sponsorship and lead underwriting of Korea Investment & Securities Co., Ltd. Following its market debut, the company has actively initiated its operational mandate to evaluate strategic partnership and merger candidates across designated technology and manufacturing sectors, aiming to execute a definitive business combination agreement within its statutory three-year operational window. Korea No.16 Special Purpose Acquisition Co. LTD. was founded on February 6, 2026, and is headquartered in Seoul, South Korea.