Prove It Delisting Injunction Denied, Resumption of Cleanup Trading Threatens Share Value
The court dismissed Prove It's injunction to suspend the delisting decision, causing the cleanup trading period to resume from June 22 to June 30, 2026.
This ruling makes delisting certain; shareholders must sell their holdings during the cleanup trading window.
The company's market capitalization of approximately 147.7 billion KRW faces near-total destruction, leading to inevitable principal loss for investors.
[AI Summary]The denial of Prove It's delisting injunction triggers cleanup trading, drastically reducing shareholder value. While uncertainty from court and exchange delays is resolved, final delisting results in realized investment losses.
KOSDAQ Filing Information
Other Market Notice (Resumption of Procedure for Liquidation Trading Due to Dismissal of Application for Provisional Injunction Suspending Effect of Delisting Decision, etc.)