DRTech Plunges as SPAC Shareholders Take Profits on 3.82 Million Shares... Saltworks Also Weak

▤ Summary

This article covers DRTech’s sharp post-listing decline after its SPAC merger listing on the KOSDAQ market. The selling pressure appears tied to profit-taking by pre-SPAC shareholders who held about 3.82 million shares. The piece also notes that market weakness and broader index declines weighed on both DRTech and Saltworks. DRTech says it plans to use the 10 billion won raised to expand production lines and support overseas operations. Saltworks also traded weakly after its listing, with its core virtual training business mainly serving defense customers.

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