Largest Shareholder Toomics Holdings Pledges All Shares (42.78%) as Collateral... Forced Selling Underway, Heightening Risk of Control Change

Largest shareholder Toomics Holdings pledges all 7,731,304 shares (42.78% stake) as collateral under four contracts, with total pledge amount of 78.2B KRW (debt of 59.9B KRW)
New second-priority pledge (2026.04.15) for Toomics acquisition balance of 68.25B KRW adds 7,044,609 shares to creditors Son, Nam, and Lee
Forced sales already occurred: 1,171,500 shares on April 3, 209,375 on April 6, without control change yet
Full execution of pledges would wipe out the largest shareholder's stake, triggering a control change and severe dilution risk for existing shareholders
The collateral is used to repay the parent's debt and acquisition obligations, not for the company's operations, increasing shareholder value erosion
[AI Summary]The largest shareholder's full pledge and ongoing margin calls create strong downward pressure on the stock, and a control change could lead to a sharp price decline and further dilution, requiring extreme caution for investors

Filing: [Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder
Company: Soosung Webtoon (084180)
Submission: Soosung Webtoon Co., Ltd.
Receipt: 04-15-2026
Under KRX KOSDAQ Market Division, Amended (Refer to related filing)