Exion Group Announces Third-Party Rights Offering with 5:1 Reverse Stock Split
The company decided a third-party rights offering for business normalization, with issue price of 5,595 won per share (premium 39.60%) after reflecting a 5:1 reverse stock split, issued at a premium over the base price.
Change in allotee: from existing (Dooyoung Mulsan Co., Ltd. and Choi Beom-soo) to (Dooyoung Mulsan Co., Ltd. and Valiant New Technology Fund No. 242).
All new shares (common stock) will be deposited with Korea Securities Depository for a 1-year lock-up.
Proceeds will be used for operating and other funds (business normalization purpose).
This disclosure has been corrected more than 5 times, with continuous amendments including changes in allotee.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)