Kwangjin Industries Decides 3rd-Party Allotment of 1.02M Shares at 10% Discount to Raise 2 Billion Won for Operating Funds
Kwangjin Industries decided a third-party allotment rights offering of 1,020,409 common shares (15.9% of pre-issue shares) at 1,960 won per share to Lee Jong-ho, raising approximately 2 billion won for operating funds
The issue price is 1,960 won, a 10% discount to the reference price of 2,176.8 won, resolved by the board on May 7, 2026
Payment date corrected to May 27, 2026, listing date corrected to June 12, 2026
New shares will be locked up for one year; existing shareholders' ownership diluted by approximately 15.9%
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)