5:1 Reverse Stock Split Decision: Outstanding Shares Reduced from 51.29M to 10.26M, Corporate Value Maintained
Noul Co., Ltd. decided on a 5:1 reverse stock split, changing the par value from KRW 500 to KRW 2,500 per share, reducing total outstanding shares from 51,291,323 to 10,258,264
The purpose is to stabilize stock price and enhance corporate value by maintaining an appropriate number of outstanding shares; this is not a capital reduction, so existing shareholders' equity ratio remains unchanged
The new shares become effective on August 22, 2026, with trading suspended from August 20 to September 6, and new shares listed on September 7; fractional shares will be paid in cash based on the closing price on the first listing day
This decision is subject to approval at the extraordinary general meeting on July 21, 2026, and the schedule may change following consultation with relevant authorities
[AI Summary]The reverse stock split is a neutral event in the short term as it does not alter corporate value or capital, but it may stabilize the stock price by reducing the number of outstanding shares and help shed penny stock image, potentially contributing positively in the mid-to-long term