EXA E&C Decides 5:1 Reverse Stock Split to Reduce Outstanding Shares to 6.63M for Price Stability
EXA E&C's board resolved on June 1 to propose a 5:1 reverse stock split at an extraordinary general meeting on July 8, 2026
Total outstanding shares will reduce from 33,173,548 (par value 500 KRW) to 6,634,709 (par value 2,500 KRW), with capital decreasing by only 1,500 KRW due to fractional share treatment (from 16,586,774,000 KRW to 16,586,772,500 KRW)
New shares become effective on July 24, with trading suspension from July 22 to August 11, and listing of new shares on August 12
Fractional shares will be paid in cash based on the closing price on the first trading day after listing; purpose is to stabilize share price and enhance corporate value by maintaining an appropriate number of outstanding shares
[AI Summary]This reverse stock split consolidates the par value from 500 KRW to 2,500 KRW, reducing outstanding shares by approximately 80% with negligible capital change, thus no dilution for existing shareholders. While management aims for price stabilization, it does not guarantee a price increase and may reduce short-term trading liquidity.