WOOSUNG MATERIALS Decides Third-Party Allotment Raising 5 Billion Won at 4,000 Won Per Share Premium Over Market Price Positive for Shareholder Value
WOOSUNG MATERIALS resolved a third-party allotment capital increase on April 15, 2026, issuing 1,250,000 new shares at 4,000 won per share to Grand E&R Co., Ltd., raising 5 billion won. This is a correction of a prior disclosure due to a stock reverse split.
The issuance price of 4,000 won represents a substantial premium over the current market price of 354 won and the reference price of 555 won, reflecting strong investor confidence despite moderate 7.9% dilution.
The proceeds will be used for working capital and R&D, and the new shares are expected to be listed on July 15, 2026.
[AI Summary]WOOSUNG MATERIALS' third-party allotment at a significant premium offsets shareholder dilution and signals strategic investor confidence, with operating fund procurement supporting positive stock outlook.
KOSPI Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)