Enviro Motion (CEO Moon Doo-sung) announced on the 18th that its merger with Mirae Asset Vision SPAC 3 was approved at the shareholders' meeting. The merger ratio is 1 to 0.2348245, and the merger price is 8,517 won. The two companies have been proceeding with the merger process since receiving preliminary listing review approval in September, including the filing of a securities registration statement.
Subject to approval at the general shareholders' meeting, stock purchase rights can be exercised until December 8th, and the merger date has been confirmed as December 22nd. The new shares resulting from the merger are scheduled to be listed on the KOSDAQ market on January 14, 2026.
With this listing, NV Motion plans to expand its business beyond the mobility sector into the advanced bearings and precision material component markets for robots. The company has developed and mass-produced bearings and industrial drive components, including steel balls, tapered rollers, and ceramic precursors. Leveraging its proprietary technology, the company has successfully domestically produced bearing components.
An NV Motion official predicted that demand for high-performance bearings will increase across industries, and stated that they will accelerate sales growth through product development and industry expansion in line with the growing demand in various industries including automotive, semiconductor, electrical, aviation, and energy.
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