DAVOLINK Announces KRW 1 Billion Third-Party Allocation Rights Offering for Operating Funds (Payment Date Changed)

Issuance of 787,400 common shares at 1,270 won per share via third-party allocation rights offering, raising total of 999,998,000 won. Payment date changed to May 29, 2026; listing date changed to June 26, 2026.
Cumulative net loss of 643 million won in 9M 2025, debt ratio 275.38%, and retained deficit of 19.57 billion won, indicating weak financial health.
Outstanding convertible bonds: 2nd issue (15.9 billion won, conversion price 1,694 won) and 3rd issue (2 billion won, conversion price 1,848 won) pose dilution risk.
Pending litigation for fire damage compensation (500 million won) and exposure to foreign exchange risk.
Proceeds will be used for operating funds.

Filing: [Correction of Description] Small Amount Public Offering Disclosure Document (Equity Securities)
Company: DAVOLINK (340360)
Submission: DAVOLINK Inc.
Receipt: 05-08-2026