Extraordinary General Meeting Called to Approve Articles Amendment and Reverse Stock Split for Share Price Stabilization
Extraordinary General Meeting on July 8, 2026 at 10:00 AM, located at 15F, Daerung Post Tower 1, 288 Digital-ro, Guro-gu, Seoul. Agenda: amendment of articles of incorporation and approval of reverse stock split.
The reverse stock split reduces the number of outstanding shares by changing the par value, aiming to meet listing requirements and stabilize the share price from the current 719 KRW.
Record date for voting rights: June 16, 2026. Board resolution date: June 1, 2026. One outside director present, auditor present.
Impact on shareholder value: No direct dilution; potential price increase post-split and positive effect of maintaining listing status. However, fractional shares may inconvenience small shareholders.
[AI Summary]The reverse stock split does not alter total equity or shareholder value, but it is interpreted as a measure to avoid delisting risk and enhance price stability.
KOSDAQ Filing Information
Filing: Resolution to Convene a General Meeting of Shareholders (Extraordinary General Meeting)