Ascendio Decides on 1 Billion Won Third-Party Allotment Rights Offering for Operating Funds

Issuance of 856,898 common shares at 1,167 won per share (total approx. 1 billion won) via third-party allotment to raise operating funds
Issue price is 1,167 won, a 10% discount from the weighted average price (1,295.64 won) over the 5 trading days before subscription
All shares allocated to Kiwi No.1 Fund (majority shareholder)
Subscription date: 2026.05.12, Payment date: 2026.05.18, Listing date: 2026.06.02
FY2025 consolidated revenue of 5.9 billion won, operating loss of 4.3 billion won, net loss of 13.8 billion won
End-2025 total equity of 7.2 billion won, retained deficit of 29.3 billion won, debt ratio of 48.2%
In Jan 2026, a 12.2 billion won third-party allotment changed the major shareholder to Kiwi No.1 Fund
In Feb 2025, a 90% reverse stock split (10:1) reduced shares outstanding to 10,356,948
Ongoing lawsuit with Quantum Port for share delivery (claim amount 2.25 billion won)
No dividends or share buybacks/cancellations in the last 5 years