Melfas Files Lawsuit Against LDT to Nullify Issuance of 1.67 Million New Shares... Legal Risk Casts Doubt on Capital Raise Validity
Nullity Lawsuit Filed: Melfas Co., Ltd. filed a lawsuit against LDT Inc. with the Daejeon District Court (Cheonan Branch) seeking invalidation of 1,669,599 common shares issued on December 2, 2025 (approximately 20% of then-outstanding shares). Filing date: May 20, 2026; service date: May 27, 2026.
Cause and Claim: Plaintiff alleges defects in the new share issuance process and requests court confirmation of invalidity and litigation costs. The court ruling will determine the effectiveness of LDT's previous capital increase (disclosed on Nov 21, 2025).
Impact: If the court rules in favor of the plaintiff, the 1.67 million shares would be canceled, reducing share count and potentially increasing per-share value. However, legal uncertainty may cause short-term volatility and investor caution. If LDT wins, the current share structure remains but uncertainty persists during litigation.
Related Disclosures: LDT previously disclosed a rights offering decision on Nov 21, 2025, and a securities issuance result (voluntary disclosure) on Dec 1, 2025. This lawsuit challenges the legality of that capital increase, requiring investors to review prior filings.
[AI Comprehensive Analysis]This lawsuit fundamentally challenges the validity of LDT's past capital increase, potentially leading to significant changes in corporate value and shareholder composition depending on the legal outcome. Short-term uncertainty is likely to weigh on the stock price; investors should closely monitor litigation developments and court schedules.
KOSDAQ Filing Information
Filing: Report On Major Events (Institution Of Lawsuit, Etc.)