SK Securities No.12 Special Purpose Acquisition에스케이증권제12호스팩

SK Securities No.12 is a shell SPAC with no operating business, trading near its 52-week range while a market notice flags possible administrative issue designation.

This is a special purpose acquisition company listed on KOSDAQ since May 2024, with no revenue reported and an operating loss in each recent period. Its income comes mainly from non-operating items, with net income of about ₩39M in the trailing period and cash of about ₩1.8B. The share price closed at ₩2,080 on 2026-10-16, with a market capitalisation of about ₩6.9B.

What stands out

• Operating income was negative (about -₩34M trailing and -₩34M in 2025), while net income was positive (about ₩39M trailing and ₩39M in 2025), so profit depends on non-operating items.
• Revenue and margins are not reported in the data, which fits a company without an operating business.
• The stock has moved very little: 0% over one month, 1.5% over three months and 2% over one year, trading between ₩2,020 and ₩2,095 over 52 weeks.
• Foreign ownership is 0%, and 20-day investor flows show retail buying of about ₩9.1B against net selling by institutions (about ₩7.9B) and foreigners (about ₩1.2B).
• The most recent filing, dated 2026-10-16, is a market notice that the stock is under risk of administrative issue designation.

What to watch

• Whether the administrative issue designation risk is confirmed or lifted, as the 2026-10-16 market notice is the latest filing in the data and no details are given.
• The next quarterly or half-year filings, which will show whether non-operating income keeps offsetting operating losses.
• Any filings on a business combination or changes to the trust agreement, since the data does not describe a target or plan.