Major shareholder stake drops from 21.92% to 15.87%, rights offering and stock dividend, call options held

Sujong Kim, the largest shareholder, saw his stake decrease from 21.92% to 15.87% (a 6.05%p drop) due to an increase in shares from a rights offering and stock dividend
Rights offering: On Nov 19, 2025, Kim acquired 38,851 new shares at 11,270 won per share by exercising subscription rights
Stock dividend: On Nov 21, 2025, Kim received 1,004,925 additional shares (50% of his then-held 2,009,851 shares)
Call options: Kim holds call options on 447,257 convertible preferred shares (classified as 'other', representing 1.95% of outstanding)
Total outstanding shares surged 109% from 10,907,554 to 22,811,331, indicating significant dilution