Debt-to-Equity Swap Capital Increase of 25.8 Billion Won Under Rehabilitation Plan
Debt-to-equity swap conducted via third-party allotment in accordance with the Seoul Rehabilitation Court's approval of rehabilitation plan (2026-05-12)
Issuance of 51,660,308 shares totaling KRW 25,830,154,000 (entirely debt conversion, no new cash injection)
Significant dilution for existing shareholders as 51.6 million new shares are to be listed
Trustee to apply for court approval of the conversion, followed by registration (payment date: 2026-05-19)
KOSDAQ Filing Information
Filing: Securities Issuance Result (Voluntary Disclosure) (Third-Party Allotment Paid-In Capital Increase - Conversion of Investment)