Plutus Investment Announces 5:1 Reverse Stock Split, Shares Outstanding to Fall 80%

Plutus Investment will conduct a 5:1 reverse stock split effective July 11, 2026 (par value from 500 KRW to 2,500 KRW). Total outstanding shares will decrease by 80% from 47,725,021 to 9,545,004, with fractional shares to be paid in cash.
The purpose is to stabilize the stock price and enhance corporate value. Given current price (397 KRW) below par, the move aims to meet listing requirements and restore investor confidence.
However, this consolidation is combined with a capital reduction, which may lead to additional dilution or losses for shareholders. Investors should review related disclosures carefully.
Trading suspension: July 9-30, 2026; new shares listing expected on July 31, 2026.
[AI Summary]While the reverse split is a self-help measure amid a depressed stock price, it does not improve fundamentals. The preceding capital reduction could negatively impact shareholders, warranting a neutral stance and close monitoring of future price action and disclosures.