Mirae Asset Vision Special Purpose Acquisition 10미래에셋비전스팩10호

Mirae Asset Vision SPAC 10 is a shell company with no revenue and no merger target identified yet, so its value rests on a future deal.

This is a special purpose acquisition company listed on KOSDAQ in December 2025, whose only purpose is to merge with a private business it has not yet named. As of H1 2026 it reported no revenue, an operating loss of about ₩19M and a net loss of about ₩15M, with a share price of ₩1,980 and a market value of about ₩12.9B. The data does not show any operating business.

What stands out

• Revenue was zero for 2025 and for the trailing period to H1 2026, so there are no sales to judge.
• The filed balance sheet shows cash of about ₩747M and borrowings of about ₩2.2B, which is a large debt-like amount for a company with no operations.
• Shares are priced at ₩1,980, far above the reported book value multiple of 1.0x, while the 52-week range runs from ₩1,953 to ₩5,480.
• Foreign ownership fell from 0.4% to 0.2% over the last 60 days, and retail investors were net sellers over the last 20 days.
• Filings since February 2026 cover a shareholders' meeting, the annual and quarterly reports, the half-year report in August 2026, and several 5%+ holding reports; no news headlines are listed.

What to watch

• Whether the company names a merger target, since the profile says none has been identified yet and any deal would drive the value.
• The next filings on the merger process and any shareholder vote, which the data does not yet describe.
• The trend in cash and borrowings, given the net loss and the lack of any operating income to offset costs.