SKONEC Fixes Paid-in Capital Increase at 500 Won, Allots 6 Million Shares to Largest Shareholder Glometa, Raises 3 Billion Won Operating Funds
SKONEC ENTERTAINMENT held a board meeting on May 28, 2026, and filed a corrective disclosure for its third-party allotment capital increase.
The new share issue price was changed from 689 won to 500 won, and the discount rate was removed (from 78.4% to none). The base price was adjusted upward from 386 won to 500 won.
A total of 6,000,000 common shares will be issued. The payment date is changed to June 26, 2026, and the listing date to July 10, 2026.
The total funds raised are 3 billion won (500 won × 6 million shares), all of which will be used for operating expenses.
The third-party allottee is the largest shareholder, Glometa Co., Ltd., and all allotted shares are subject to a 1-year lock-up (mandatory custody).
Following the capital increase, total outstanding shares will increase from 21,630,335 to 27,630,335 (approximately 27.7% dilution), affecting existing shareholders' stakes.
However, the issue price of 500 won is approximately 53% higher than the current market price of 327 won (as of May 27, 2026), which partially offsets the dilution due to the premium issuance.
[AI Comprehensive Analysis]While the largest shareholder's subscription at a premium to market price is a positive signal, the use of funds solely for operating expenses limits the growth potential. In the short term, this may positively impact the stock price, but a concrete investment plan is needed for long-term enterprise value enhancement.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)