Q1 2026 Net Profit Turnaround; 37.6 Billion Won Rights Offering (84.85% Dilution)

Q1 2026: Revenue KRW 15.9B (+155% YoY), operating profit turned positive to KRW 1.6B, net profit KRW 1.3B
Rights offering of 9.18M shares (84.85% dilution) at KRW 4,095/share (1st price), total KRW 37.6B, with 25% discount
As of FY2025: Debt ratio 503%, current ratio 44.33%; going concern uncertainty noted by auditor
Q1 2026: Debt ratio improved to 500%, current ratio to 52%, but still weak
Potential designation as managed issue due to tightened delisting criteria (market cap KRW 30B, sales KRW 10B, etc.)
85% of sales concentrated on Samsung Electronics; past quality issues led to order suspensions
Proceeds fully allocated to facility investment (factory expansion and equipment)

Filing: [Correction of Description] Securities Registration Statement (Equity Securities)
Company: Protec Mems Technology (147760)
Submission: Protec Mems Technology Inc.
Receipt: 05-18-2026