Eugene Special Purpose Acquisition 10유진스팩10호

Eugene Special Purpose Acquisition 10 is a blank-check shell whose main recent event is a merger decision, with no operating business today.

This is a SPAC listed on KOSDAQ with no revenue and a sole purpose of merging with another company. Its share price was ₩2,080 on 2026-10-23, with a market value of about ₩8.8B, and it has no operating business to value. The data shows a merger decision filed on 2026-06-30 and amended in early July, but no named merger target.

What stands out

• Revenue has been zero in every period shown, and operating losses are small, around -₩84M on a trailing basis.
• Net income is positive (about ₩114M trailing) despite operating losses, and the data does not explain the source of that income.
• Cash of about ₩1.85B is set against borrowings of about ₩1.76B; liabilities are about 19% of equity.
• Filings show a merger decision (2026-06-30) with amendments on 2026-07-01 and 2026-07-02, plus a half-year report on 2026-08-10.
• The company profile states that a specific merger target has not yet been determined, and the data contains no news headlines.

What to watch

• Whether the merger decision leads to a named target company and the terms of the merger.
• Further amended or follow-up filings on the merger, and the timing of any shareholder vote.
• Price-to-earnings of about 78x reflects small earnings on a shell; the data does not show what a merger would mean for value.