On Feb 2, 2026, the company issued 10,588,002 new shares at KRW 1,033 per share via a third-party allotment, raising ~KRW 10.94B to acquire a 19.8% stake in You Bid Technology Holdings, funding new business expansion.
The equity raise increased total shares from 26,286,743 to 36,874,745, diluting earnings per share and reducing the major shareholder's stake from 13.4% to 9.6%.
In April 2026, shareholders approved a 3:1 stock split and a name change to 'Deep Commerce', accelerating the pivot to an AI and digital commerce platform.
[AI Summary]Deep Commerce posted a solid Q1 2026 with tripled operating profit and doubled cash flow, but the equity issuance for strategic investments caused dilution. The robust operational performance and healthy balance sheet suggest the company can offset short-term dilution with long-term growth.