Edge Foundry EGM Approves 5:1 Stock Split, Aiming to Stabilize Price and Enhance Corporate Value

At the extraordinary general meeting held on June 19, 2026, Edge Foundry passed a special resolution approving a 5:1 reverse stock split.
With a 34.8% attendance rate of total voting shares, the resolution was approved with 99.6% in favor and only 0.4% against or abstentions.
The consolidation reduces the total number of shares from 78,307,051 to 15,661,410 but does not change the company's capital stock. The par value will change from 500 KRW to 2,500 KRW.
The move aims to stabilize the stock price and enhance corporate value, though short-term price effects may be limited.
Previously disclosed first-quarter results show revenue of 2,518 million KRW and operating profit of 454 million KRW, improving year-on-year, and the debt ratio is 11.22% indicating very high financial stability.
A dividend of approximately 10 KRW per share is planned for the fiscal year 2025.
[AI Summary]Edge Foundry's reverse stock split is a financial restructuring that reduces the number of outstanding shares to stabilize the stock price without altering capital, thus not directly undermining existing shareholder value. However, without earnings improvement, price appreciation is uncertain, and governance risks such as low director attendance require continued monitoring.