Capital Reduction Leads to 80% Decrease in Largest Shareholder's Holdings, Stake Maintained at 29.94% - Neutral Impact
Eco Volt conducted a capital reduction on May 26, 2026, reducing total outstanding voting shares from 101,465,446 to 20,293,089, an 80% decrease
The largest shareholder OSUNG ADVANCED MATERIALS (including related persons) saw its share count drop from 30,374,832 to 6,074,966, but its ownership percentage remained virtually unchanged at 29.94% (from 29.93%)
The capital reduction applied proportionally to all shareholders, effectively consolidating 5 old shares into 1 new share
[AI Summary]This disclosure reflects the result of a capital reduction involving a reverse stock split; since the largest shareholder's stake was maintained with no change in control or dilution, the event is considered neutral to shareholder value