GNCO Decides on 3.5 Billion Won Third-Party Allotment for Debt-to-Equity Swap
GNCO resolved on May 7, 2026 to conduct a third-party allocation rights offering of approximately KRW 3.5 billion (KRW 3,499,992,970). The funds will be used for debt-to-equity swap (loan offset) to improve financial structure.
The issue price is based on the most recent trading day price (specific figure not disclosed). All new shares will be subject to a 1-year lock-up at Korea Securities Depository.
This transaction constitutes a large-scale internal transaction under the Fair Trade Act and is subject to board resolution and disclosure; this filing serves as such disclosure.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)