The Lamy Co., Ltd. Announces 5:1 Reverse Stock Split… Shares Reduced to 8.08M to Stabilize Price and Enhance Corporate Value
The Lamy Co., Ltd. has decided to implement a 5:1 reverse stock split. After the split, the total number of outstanding shares will decrease from 40,395,863 to 8,079,172, and the par value per share will increase from KRW 500 to KRW 2,500.
This is a face-value merger without capital reduction, maintaining enterprise value. The purpose is to stabilize the stock price and enhance corporate value through an appropriate number of outstanding shares.
The new shares are expected to be listed on August 31, 2026, with trading suspension from August 7 to 28, 2026. Fractions of shares will be paid in cash based on the closing price on the first listing day.
[AI Summary]This reverse stock split is a financial adjustment that does not change the company's value, posing no immediate risk of price volatility or equity dilution. However, reduced liquidity and higher per-share price are anticipated, making it a neutral event for existing shareholders.