Deep Commerce Largest Shareholder Ding Shaoying Reports 3:1 Stock Split, Share Count Drops 66.7% but Ownership Unchanged, Potential Price Adjustment
Deep Commerce's largest shareholder Ding Shaoying and related parties experienced a 66.7% reduction in share count from 4,087,333 to 1,362,442 shares due to a 3:1 reverse stock split effective May 21, 2026.
This is a mechanical adjustment from the stock split, not a sale. The reported ownership ratio changed from 15.24% to 10.92% only due to the reduced total shares, but the economic interest remains unchanged.
Total outstanding shares decreased from 36,874,745 to 12,291,581 shares, and stock option grants were adjusted proportionally at the same 3:1 ratio.
Based on a market cap of 26,291,693,185 KRW and pre-split price of 713 KRW, the post-split price is expected to adjust to around 2,139 KRW, with no change in enterprise value.
[AI Summary]The reverse stock split is likely aimed at boosting the share price or meeting listing requirements, but with no change in controlling shareholder influence and no capital movement, the short-term stock impact is limited. Investors should note that real equity value is preserved.