Hana 32 Special Purpose Acquistion하나32호스팩

Hana 32 SPAC is a shell company with no revenue, no identified merger target, and recent delisting and risk-designation filings.

Hana 32 Special Purpose Acquisition is a blank-check company listed on KOSDAQ since March 2024, with no business operations and no merger target identified in the data. Its shares closed at ₩2,095 on 2026-10-23, giving a market value of about ₩6.7B, and reported income comes mainly from financial sources rather than sales. Recent filings include two delisting notices and a notice on stocks under risk of administrative issue designation.

What stands out

• Revenue is zero in both the last twelve months and 2025, and operating losses are small, at about -₩33M TTM.
• Net income of about ₩103M TTM is positive despite the operating loss, and the data does not explain its source.
• Cash of ₩410M is set against borrowings of ₩940M, and liabilities are 15.4% of equity.
• The share price is down 0.9% over one year, and the stock trades near its 52-week high of ₩2,150.
• Two delisting filings in October 2026 and a September 2026 administrative-issue risk notice stand out in the filing list.
• No news headlines were provided, so there is no press coverage in the data to add context.

What to watch

• Whether the company announces a merger target, since the profile says none has been identified yet.
• The outcome of the October 2026 delisting filings and any formal delisting timetable.
• Whether the administrative issue designation risk leads to further exchange action.