Korea Exchange to List NH SPAC 19 and Spin-off F&F on the 21st

[Asia Economy Reporter Dongwoo Lee] The Korea Exchange announced on the 18th that NH Special Purpose Acquisition Company (SPAC) No. 19 and the newly established company through the spin-off, F&F, will be listed on the KOSPI market on the 21st.

NH SPAC No. 19 will list 51.29 million common shares. The opening price will be determined at the price where buy and sell orders match within the range of 90% to 200% of the public offering price of 2,000 KRW. NH SPAC No. 19 is the first SPAC to be listed on the KOSPI market since 2010.

Previously, three companies?Woori SPAC No. 1, Dongyang Value SPAC, and Daewoo Securities SPAC?entered the KOSPI market as SPACs. However, there has been no case of listing through a SPAC merger on the KOSPI market yet.

The spin-off surviving company of F&F (formerly F&F) will change its name to F&F Holdings and be re-listed, while the newly established company F&F will list 7,661,145 common shares.

For F&F, the opening price will be set at the price where buy and sell orders match within the range of 50% to 200% of the valuation price as of the listing application date.

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