DAVOLINK Enters Stock Acquisition Agreement Involving Change of Largest Shareholder... No Management Change and Premium Transaction
The previous largest shareholder TerraScience entered into an agreement to transfer 2,241,847 shares to MPS Invest at 1,700 KRW per share for a total consideration of approximately 3.81 billion KRW.
The expected new largest shareholder is Ji Seo-hyun, a related party of the previous largest shareholder, with a post-change stake of 7.49% and no change in management control.
The acquisition price includes a 23.3% premium over the market price, but no lock-up period has been set for the acquired shares.
[AI Summary]This transaction is structured to change the largest shareholder while maintaining existing management control, and no new shares are issued so there is no dilution. However, despite the premium, the absence of a lock-up period poses a potential overhang risk.
KOSDAQ Filing Information
[Correction of Description] Execution of Stock Transfer Agreement Involving Change of Largest Shareholder