Seohan Stock Consolidation Decision 5:1 Reverse Split to Stabilize Share Price and Enhance Corporate Value
Seohan's board resolved on June 22, 2026 to consolidate common shares at a 5:1 ratio. The effective date is August 14, 2026 and the new shares are expected to list on September 1, 2026.
The consolidation adjusts the par value from 500 KRW to 2,500 KRW per share, reducing total outstanding shares from 100,894,865 to 20,178,973. The purpose is to stabilize the stock price and enhance corporate value.
Fractional shares resulting from the consolidation will be paid in cash within one month after listing based on the closing price on the listing date. The plan is subject to change pending a special resolution at the shareholders' meeting.
[AI Summary]Seohan's stock consolidation reduces share count by 80% but does not affect market capitalization or proportional ownership. It is a financial adjustment to increase per-share price with no fundamental change in corporate value. Shareholders will receive cash for fractional shares. The impact is neutral.