Correction Disclosure for Tangible Asset Acquisition: Registration Date Changed to May 29, 2026, No Change in Terms
Exion Group corrected the registration date for the acquisition of tangible assets (land and building in Hanam-si, Gyeonggi-do, KRW 38B) originally disclosed on June 18, 2024. The date was postponed from April 15, 2026 to May 29, 2026, a delay of approximately 44 days.
Key transaction terms—acquisition amount (KRW 38B), purpose (new business and investment), and payment conditions—remain unchanged. Part of the payment (approx. KRW 22.346B) is financed through debt assumption and offset with the 5th convertible bond subscription.
This correction is a mere schedule adjustment with limited direct impact on shareholder value. However, the financial burden from the large asset acquisition and potential dilution risk from the convertible bonds remain as previously disclosed.
[AI Summary]This correction disclosure is merely an administrative adjustment to the asset acquisition schedule and does not materially change investment judgment. However, the substantial use of convertible bond offset for the acquisition payment keeps the existing risk of future equity dilution upon conversion.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Material Fact (Decision on Acquisition of Tangible Assets)