Major shareholder Cho Cheon-hee's stake slightly declines from 12.80% to 11.73% due to stock merger and conversion rights exercise
Cho Cheon-hee (registered executive, over 10% shareholder) saw his shares reduced from 2,888,105 to 577,621 shares (one-fifth) on April 29, 2026, due to a reverse stock split.
Due to changes in total shares outstanding from conversion rights and stock option exercises, his stake decreased from 12.80% to 11.73%, a 1.07pp decline.
Total shares outstanding after the stock merger are 4,922,665, resulting in limited dilution of shareholder value.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders