Tera Science Announces 1 Billion Won Third-Party Allotment Capital Increase for Operating Funds Raising Dilution and Discount Concerns

Tera Science has decided to conduct a third-party allotment capital increase of 10 million shares to BM Investment Union to raise 1 billion won for operating funds.
The new share issue price is 100 won, an 84.7% discount from the pre-suspension closing price of 654 won, resulting in a 9.4% dilution of total outstanding shares.
The new shares are subject to a one-year lock-up, but the risk of delisting and financial uncertainty undermine shareholder value; no separate shareholder return policy exists.
[AI Summary]This capital increase aims to secure operating funds but negatively impacts existing shareholders due to the deep discount and dilution, with additional risks from delisting threat and opaque counterparty selection.