[Featured Stock] CrowdWorks Hits Upper Limit on First Day of SPAC Merger Listing
On the 31st, CrowdWorks recorded the upper limit price on the first day of listing through a SPAC (Special Purpose Acquisition Company) merger.
According to the Korea Exchange on that day, CrowdWorks surged to the price limit (29.89%) immediately after the market opened, reaching 47,150 KRW.
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CrowdWorks' new shares were listed on the same day through a merger with Korea No.10 SPAC. The merger ratio between CrowdWorks and Korea No.10 SPAC is 1 to 0.0910788.
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