Exion Group Fully Withdraws Third-Party Allotment Rights Offering
Exion Group (co-CEOs Lee Seung-cheol and Jeong Jae-young) resolved at its board meeting on May 12, 2026 to fully withdraw the previously resolved third-party allotment rights offering.
The withdrawal is attributed to the withdrawal of Valiant New Technology Union No. 242 from participation due to internal circumstances, resulting in non-payment; additionally, the board rejected (3 in favor, 2 against, 1 abstention) the request from Dooyoung Logistics for a one-month extension of the payment deadline, failing to meet the conditions for proceeding with the capital increase.
The rights offering was initially decided on April 15, 2025, but was ultimately withdrawn due to non-payment and the board's failure to approve an alternative.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)