Fund Investment Withdrawn… No Loss Due to Counterparty Rejection
On May 4, 2026, NEORIGIN's board resolved to invest USD 6M (approx. KRW 8.91B) in 'Global Innovations Venture I, LP', a Cayman Islands fund. However, on May 29, the counterparty's supreme decision-making body rejected the investment, leading to the withdrawal of the decision.
No actual contract was signed nor funds disbursed, so there is no capital to recover or loss incurred.
The planned overseas fund investment, equivalent to 11.9% of equity, was canceled without financial loss, thus no direct negative impact on shareholder value.
This incident highlights the need for pre-verification of counterparty decision processes before future investment commitments.
KOSDAQ Filing Information
Filing: [Correction of Description] Decision on Acquisition of Shares and Investment Securities of Other Corporations (Withdrawal)