Tera Science decides to transfer 5 million shares of Davolink for 9.3 billion won to improve financial structure, stake falls to 8.16%
Tera Science decided to transfer 5 million shares of its subsidiary Davolink for 9.3 billion won. The purpose is to improve financial structure, and after the transfer, its stake will decrease from 16.64% to 8.16%.
The buyers include Jeong Jeong-hoon, Lee Young-dae, T&I Innovation, Im Jeong-ha, People and Tree, ELM System Investment Association, and Mulligan Investment Association. The final payment is scheduled for July 23, 2026. The transaction involved multiple contract novations, indicating complexity.
External evaluator Samdo Accounting Corp. provided a fair value range of 986 to 1,832 won per share, and the transfer price of 1,700 won was deemed appropriate. The transfer will increase current assets by 4.54 billion won and decrease current liabilities by 0.56 billion won, slightly improving financial health.
[AI Summary]Tera Science's sale of Davolink shares aims to improve financial structure, but the buyer group consists of individuals and small partnerships with frequent contract changes, raising credibility concerns. Although the proceeds represent 13.4% of market cap, the debt reduction is minimal, limiting shareholder value enhancement.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Transfer of Stocks and Investment Securities of Other Corporations)