Provisional Injunction to Suspend Board Resolutions on 7 Billion Won Convertible Bond Issuance and Shareholders' Meeting (Management Dispute)
Three shareholders filed a provisional injunction on 2026.04.16 at Seoul Southern District Court (Case No. 2026Kahap1239) to suspend board resolutions
Targeting the 2026.04.30 shareholders' meeting and issuance of the 31st series unregistered, interest-bearing, unsecured private convertible bonds (KRW 7 billion) resolved by the board on 2026.04.14
Injunction seeks: suspension of board resolutions, prohibition of shareholders' meeting, and prohibition of specific actions by the CEO (related to convening, chairing, and recording minutes of the meeting)
Company intends to appoint legal counsel and respond vigorously through legal procedures
Potential delays to shareholders' meeting and convertible bond issuance; risk of prolonged management dispute
KOSDAQ Filing Information
Filing of Lawsuit, etc. (Management Dispute Lawsuit) (Injunction to Suspend Effect of Board Resolution)