Rights Offering with 35% Discount, Expected Issue Price 2,875 Won
Rights offering overview: Two tranches (1st: June 9-10, 2nd: Nov 11-12), payment and listing dates on June 12, June 24 and Nov 16, Nov 26 respectively. Expected issue price: 2,875 won (based on reference price with 35% discount).
Concurrent stock split and reverse split: 1:2 split (1,000 won to 500 won face value) followed by 10:1 reverse split, reducing outstanding shares from 57,618,176 to 5,761,817.
Price determination: 35% discount on weighted average price of 3-5 trading days before initial board resolution; final price is the lower of the 1st and 2nd tranche prices.
Subscription warrants: Issued for 2nd tranche and listed from Oct 27 to Nov 2; oversubscription up to 20% allowed.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)