Kiwoom No.11 Special Purpose Acquisition키움제11호스팩

Kiwoom No.11 is a shell SPAC with no revenue, a pending merger decision, and a share price near its 52-week high.

Kiwoom No.11 Special Purpose Acquisition is a KOSDAQ-listed SPAC whose only purpose is to merge with a target company; its profile says no target has been selected yet. Filings show a merger decision and a trading halt on 10 September 2026, but the data does not include the terms, target name or timing of that merger. As of 16 October 2026 the shares closed at ₩2,200, with a market value of ₩14.5B.

What stands out

• The company reported no revenue in the half-year to June 2026 or in 2025, and a small operating loss of about ₩19M for the half-year.
• Net income of about ₩219M for the trailing period and ₩231M for 2025 appears to come from non-operating items, which the data does not break down.
• Cash of about ₩2.29B is the main asset shown, and liabilities are small relative to equity (7.3%).
• The P/E of 66.3 and P/B of 1.2 are not comparable to the operating brokerage and card peers listed, which are far larger businesses.
• Over the last 20 days, institutional investors were net buyers while retail investors were net sellers; foreign ownership is 0%.

What to watch

• Details of the merger decision and the trading halt, which are not included in the data and should be read in the original filings.
• Any named merger target, its valuation and whether shareholders approve the deal.
• Next periodic filings, such as the quarterly report, which the data does not show a date for.