Mirae Asset Vision Special Purpose Acquisition 10미래에셋비전스팩10호

A blank-cheque shell company with no revenue, no merger target named yet, and a share price far above its 2025 listing level.

Mirae Asset Vision Special Purpose Acquisition 10 is a SPAC listed on KOSDAQ in December 2025, with its only purpose being a future merger with an unidentified company. Its latest filings show no revenue, an operating loss of about ₩19M and a net loss of about ₩15M over the reported period, with roughly ₩747M in cash. The share price closed at ₩1,992 on 19 October 2026, within a 52-week range of ₩1,953 to ₩5,480.

What stands out

• Revenue is zero in both the 2025 annual figures and the H1 2026 trailing figures, so the company has no operating business to value on earnings.
• Price-to-book is about 1.0 and enterprise value is about ₩12.2B, but P/E, P/S and EV/EBITDA cannot be calculated because there are no earnings or sales.
• Cash of about ₩747M is the main balance-sheet item in the data, and liabilities equal about 18% of equity.
• The share price is down 0.2% over three months and up 1.3% over one month, but it is far below its 52-week high of ₩5,480.
• Foreign ownership fell from 0.4% to 0.2% over 60 days, and retail investors were net sellers over the last 20 days, while institutions were net buyers.
• Recent filings are routine: a half-year report (August 2026), two 5%+ holding reports and the shareholders' meeting documents from early 2026. No news headlines are included in the data.

What to watch

• Whether the company names a merger target, since the profile says none has been identified yet and any deal would be the key event for the shell.
• The next quarterly or half-year filings, to see whether cash and losses change materially from the current small figures.
• Further 5%+ holding reports or shareholder changes, given the recent ownership shifts shown in the data.