Kiwoom No.11 Special Purpose Acquisition Company is a South Korea-based blank check company established for the sole purpose of identifying, negotiating, and completing a business combination, asset acquisition, capital stock exchange, stock purchase, or reorganization with an unlisted operating enterprise. The company focuses its investment and acquisition activities on high-growth sectors, primarily targeting enterprises operating in electronics and communications; software and information technology services; secondary batteries and renewable energy; advanced materials and specialty chemicals; biopharmaceuticals and medical devices; and automotive parts and mobility components. Kiwoom No.11 Special Purpose Acquisition Company provides structured public equity investment and corporate transaction services, comprising public capital aggregation and trust account custody; target enterprise identification, due diligence, and valuation analysis; equity restructuring and share exchange structuring; and regulatory listing facilitation to transition private companies into publicly traded entities on the KOSDAQ market. In December 2024, the company completed its initial public offering and listed its common shares on the KOSDAQ market under the sponsorship of Kiwoom Securities Co., Ltd. In September 2026, the company executed a definitive absorption merger agreement with ActivOn Co., Ltd., a South Korea-based developer and manufacturer of functional cosmetic and food ingredients, filing for preliminary merger review with the Korea Exchange to finalize the business combination in the first quarter of 2027. Founded in July 2024, Kiwoom No.11 Special Purpose Acquisition Company is headquartered in Seoul, South Korea.