Kyobo 7 Special Purpose Acquisition Company has completed an IPO in the amount of KRW 8.04 billion.

NainTech Co Ltd, formerly Kyobo 7 Special Purpose Acquisition Co, is a Korea-based company mainly engaged in the manufacturing of equipment used for secondary battery manufacturing. The Company mainly manufactures laminations, stackings and other equipment used for secondary battery manufacturing as well as wet-stations, logistics transfer equipment and other equipment used for display manufacturing. In addition, the Company manufactures equipment used for semiconductor manufacturing.