KRW 2 Billion Third-Party Allotment, Diluting 15.9% of Shares
Third-party allotment rights offering: 1,020,409 common shares (15.9% of outstanding) issued at 1,960 won per share, raising KRW 2 billion (2,000,001,640)
Issue price is 1,960 won, a 10% discount to the reference price of 2,176.8 won and 4.6% below the current market price of 2,055 won
Allottee: Kairos Co., Ltd. (corporation with total equity of KRW 938 million and net loss of KRW 341 million)
Funds use: 100% for operating expenses (general administrative costs), no growth-oriented use such as facility investment or M&A
New shares subject to 1-year lock-up (with Korea Securities Depository)
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)