Semits Submits Securities Registration Statement for Merger with NH SPAC No. 29

Semits, a global leader in integrated solutions for semiconductor Automated Material Handling Systems (AMHS), announced on March 3 that it has submitted a securities registration statement to the Financial Services Commission for its merger listing with NH SPAC No. 29.

The merger will take the form of an SPAC absorption merger in which the SPAC is dissolved. After the merger, Semits will remain as the surviving entity and apply for listing on the KOSDAQ market. The merger ratio is set at 1 to 0.4432624. The record date for shareholders is March 16, 2026, and the shareholders' meeting to approve the merger is scheduled for April 17, 2026. The merger is set to take effect on May 20, 2026, with the goal of listing on the KOSDAQ market in June 2026.

Semits, established in 2014, specializes in advanced semiconductor logistics automation systems. Since its founding, the company has built a differentiated AMHS lineup by commercializing clean conveyor systems for semiconductor front-end processes, which have high entry barriers, based on innovative technology that integrates both hardware and software.

Recently, the company secured a large-scale order for clean conveyor systems worth approximately 11.5 billion won, raising expectations for record-breaking performance in 2026 based on its order backlog. In addition, Semits has entered the demonstration phase of its nitrogen purge system at the fabs of a Japanese multinational semiconductor company, marking a critical turning point for commercial verification.

With this listing, Semits aims to solidify the market share of its flagship clean conveyor system and to accelerate the global rollout of its high value-added nitrogen purge solution, which can be installed without retrofitting existing equipment, pursuing both growth in scale and profitability.

Nam-Hong Min, CEO of Semits, stated, "This listing will be a significant milestone for Semits as we step up to become a global leader in integrated AMHS solutions beyond the domestic market. After the listing, we plan to secure an overwhelming technological edge and continuously expand our product portfolio to become a global partner that ensures yield and efficiency at semiconductor production sites worldwide, as well as to grow into a global unicorn in the AMHS sector."

This content was produced with the assistance of AI translation services.