OSP Announces Free Stock Issuance of 2.4 Million Shares, Increasing Outstanding Shares by 50%

OSP decided on a free stock issuance on June 4, 2026. The record date is June 22 and the listing date is July 13.
2,427,114 new common shares will be issued at a ratio of 0.5 shares per existing share, increasing total shares by 50% to 7,283,547. The funding source is the stock issuance premium of KRW 2.43 billion.
This non-dilutive capital increase enhances liquidity. Fractional shares will be paid in cash based on the closing price on the first day of listing.
[AI Summary]OSP's free stock issuance is a cost-free stock split using capital surplus, maintaining existing shareholder value while improving liquidity. Shareholders receive additional shares without extra cost, but price adjustment is expected, limiting short-term gains.