ITOXI Corp. Withdraws Third-Party Allotment Capital Increase Due to Subscriber Payment Default, Eliminating Dilution Risk
ITOXI Corp. has withdrawn the third-party allotment capital increase resolved on November 20, 2025, due to the subscriber's failure to fulfill payment obligations.
This cancellation completely eliminates the risk of equity dilution for existing shareholders as no new shares will be issued.
However, the intended funding for facility and operating purposes is now unavailable, potentially disrupting the company's financial plans.
As of the base date, the market cap is approximately 45.5 billion KRW, share price 312 KRW, and outstanding shares 14,568,774.
[AI Summary]The withdrawal is positive in the short term by preventing dilution, but the funding failure poses risks to growth and liquidity. Investors should monitor potential volatility.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)