4by4 Inc. Extends Ulsan 'The Wave' Media Facade Contract by One Month, Sustaining KRW 2.09 Billion Project
4by4 Inc. filed a correction disclosure extending the end date of its 'The Wave' media facade production and installation contract with Ulsan Metropolitan City Nam-gu from May 31, 2026 to June 30, 2026.
Based on the company's 90% stake, the contract amount is approximately KRW 2.29 billion including VAT (KRW 2.09 billion excluding VAT), representing 6.27% of 2024 consolidated sales (approx. KRW 33.3 billion).
The extension secures an additional month of revenue recognition, which is mildly positive for short-term performance, but as a modification of an existing contract rather than a new order, its impact on the stock price is expected to be limited.
[AI Summary]This disclosure is an administrative correction due to a schedule extension of an existing project, resulting only in a one-month delay in revenue recognition rather than new value creation. The actual impact on shareholder value is minimal, making it a slightly positive but near-neutral event.
KOSDAQ Filing Information
Filing: [Correction Of Description] Conclusion Of Single Sales And Supply Agreement (Voluntary Disclosure)