[Asia Economy Reporter Ji Yeon-jin] Samsung SPAC 2, a special purpose acquisition company (SPAC), surged to the upper price limit on the 25th following news of a merger with a metaverse-related company. Samsung SPAC 4, which entered the KOSDAQ market on the 21st, has also recorded the upper price limit for two consecutive days.
Samsung SPAC 2 has been trading at 5,560 won as of around 1 p.m. on the same day, up 29.91% (1,280 won) compared to the previous day. This is a 52-week high.
Samsung SPAC 2 is a special purpose acquisition company established to merge with companies engaged in industries with future growth engines, including renewable energy and biopharmaceutical (resources). It decided to absorb and merge with NP in February this year and submitted the merger registration on the 11th.
The merger ratio is approximately 6.19 shares of Samsung SPAC 2 per one common share of NP, and the merger date is scheduled for August 4.
NP is a company that handles domestic exhibitions and events, having secured various brand events including the opening and closing ceremonies of the Pyeongchang Olympics. In December 2019, Wysiwyg Studio, a media content production company specializing in CG and VFX, acquired management rights. According to Wysiwyg Studio's first-quarter report this year, as of March 31, Wysiwyg Studio holds a 47.17% stake (about 2.4 million shares) in NP.
Samsung SPAC 2 has been rising for five consecutive days since the merger news with NP was announced and has been surging since the previous day (25.33%).
Samsung SPAC 4 also showed a slight upward trend (1.69%) on the day of listing and recorded the upper price limit again on the following day and the same day.
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