Court Dismisses BYON's Injunction Against Delisting, Resuming Cleanup Trading and Threatening Shareholder Value
The court dismissed BYON's application for a temporary injunction to suspend the delisting decision, resuming the cleanup trading procedure from June 22 to June 30, 2026.
This decision confirms that BYON's shares will be fully delisted from the KOSDAQ market, with virtually no chance of maintaining the listing after the cleanup period.
Investors must sell their holdings during the limited cleanup period; after that, only over-the-counter trading is possible, leading to a sharp decline in liquidity and stock price.
There are no financial changes or capital movements at the company, but the delisting itself is a fatal blow to corporate value and shareholder confidence.
[AI Summary]The court's denial of the injunction confirms BYON's delisting and resumption of cleanup trading, exposing shareholders to liquidity loss and price collapse. Share value is effectively expected to be extinguished after the cleanup.
KOSDAQ Filing Information
Other Market Notice (Resumption of Liquidation Trading Procedure Following Dismissal of Application for Provisional Injunction to Suspend Effect of Delisting Decision, etc.)