Prove it Files Immediate Appeal Against Rejection of Delisting Suspension Injunction, Delisting Risk Persists Threatening Shareholder Value
Prove it filed an immediate appeal to the Seoul High Court on June 19, 2026, after the Seoul Southern District Court dismissed its request for an injunction to suspend the delisting decision.
The appeal seeks to halt the effect of the Korea Exchange's delisting decision until a final judgment on the main case and to prevent the commencement of cleanup trading procedures.
If the appeal is dismissed, delisting will be finalized without resumption of trading, potentially destroying shareholder value entirely.
[AI Summary]Prove it is facing a delisting crisis and continues legal action, but the lower court's dismissal has maximized uncertainty. The appeal outcome could lead to total loss of shareholder value, requiring cautious investor approach.
KOSDAQ Filing Information
Other Management Matters (Voluntary Disclosure) (Submission of Immediate Appeal against Ruling Dismissing Injunction to Suspend Effect of Delisting Decision)