[Featured Stock] Dentis Declines on First Day of SPAC Listing

[Asia Economy Reporter Geum Bo-ryeong] Dentis' stock price showed a downward trend on its first day entering the KOSDAQ market.

As of 10:08 AM on the 3rd, Dentis recorded 2,170 KRW, down 14.9% (380 KRW) compared to the previous closing price.

The medical device specialist Dentis was listed on the KOSDAQ market on this day through a merger with Hana Financial No.9 Special Purpose Acquisition Company (SPAC). The closing price of Hana Financial No.9 SPAC on the trading day immediately before listing was 2,550 KRW.

Founded in 2005, Dentis is a company that deals with dental implants, medical surgical lights, digital clear aligners, dental 3D printers, and bio materials. It holds the number one market share in the medical surgical lights sector.