Shinhan 12th Special Purpose Acquisition Company (474660.KQ) operates as a blank check company focused on acquiring, merging with, or investing in growth-oriented companies across various industries; it currently holds cash reserves and generates interest income pending a business combination. Founded in 2023 and headquartered in Seoul, South Korea, the company trades on the KOSDAQ exchange within the shell companies sector of financial services, targeting high-potential targets primarily in South Korea with potential for broader regional expansion. In November 2025, Mooas Inc. agreed to acquire the company from Daesang Advantage Co., Ltd. and others in a reverse merger transaction valued at approximately KRW 460 million, involving an exchange ratio of 0.2 common shares of Mooas per share of Shinhan 12th SPAC, with expected completion by June 2026.