Decision to Absorb Wholly Owned Subsidiary ANewt via Zero-Issuance Merger and Schedule Change
Xperix decided to absorb its wholly owned subsidiary ANewt via a zero-issuance small-scale merger and corrected the timeline
Creditor objection period end date postponed from July 17 to July 20, 2026; merger date postponed from July 20 to July 21, 2026 (each delayed by one day)
ANewt posted negative equity of -1.499 billion won as of end-2025 and net losses for three consecutive years (2023: -864M, 2024: -813M, 2025: -1.084B), indicating weak financial health
Since Xperix already owns 100% of ANewt, the merger does not change the number of shares outstanding or capital
As a small-scale merger, board approval substitutes for a general meeting; no appraisal rights granted (but cannot proceed if 20%+ of outstanding shares oppose)
KOSDAQ Filing Information
Filing: [Correction of Description] Report On Major Matters (Decision On Company Merger)