Eugene Special Purpose Acquisition 11유진스팩11호

Eugene Special Purpose Acquisition 11 is a shell-style SPAC with no revenue, a small operating loss, and net income that looks driven by non-operating items.

The company is a special purpose acquisition company listed on KOSDAQ since October 2024, with no reported revenue and an operating loss of about ₩44M in the half year to June 2026. Its market value is about ₩9.6B at a close of ₩2,040, with a trailing P/E of 58.4 and P/B of 1.0. The company profile and recent news are not in the data provided.

What stands out

• Revenue is zero in the trailing period and in both reported years, so the business has no sales to measure.
• Trailing operating loss is about ₩44M, yet trailing net income is about ₩165M, so the profit appears to come from items outside operations.
• Cash is about ₩21M, and borrowings are not reported in the data.
• Free cash flow is reported at about ₩220M, which is positive but not explained in the data.
• Share price has moved about 0.2% over one month, three months and one year, and the 52-week range is ₩0 to ₩2,085.

What to watch

• Any filed announcement on a target company or merger, since the filings list does not show one.
• The next half-year or quarterly filings, to see whether the non-operating gains recur.
• Ownership changes: a 5%+ holding report was filed in June 2026, and foreign ownership is reported at 0%.