Itoxi Corrects Rights Offering: 6M Shares at 500 Won Par Value to Third Party
Number of new shares increased from 2,568,493 to 6,000,000; issuance price reduced from 1,168 won to 500 won (par value).
Reference price changed from 1,297 won to 312 won (closing price before trading halt).
Due to trading halt, normal reference price calculation impossible; issuance price set at par value 500 won due to legal restriction on below-par issuance.
All new shares subject to 1-year lock-up.
Proceeds of 3 billion won for operating funds; third-party allocation to Dongsung D&C Co., Ltd. for 6 million shares.
Previous third-party allocator Kim Seung-sik replaced by Dongsung D&C.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)