APACT's Largest Shareholder Dynamic Growth Pledges All Shares, Risk of Massive Share Dump upon Default

APACT's largest shareholder Dynamic Growth LLC has pledged all of its 23,440,780 shares to Shinhan Investment Corp as collateral.
The purpose of the loan is to fund the stock purchase payment, with a debt amount of 67 billion KRW and a pledge amount of 87.1 billion KRW.
Dynamic Growth's financial status shows total assets of 126 billion KRW, equity of 76 billion KRW, debt of 50 billion KRW, and no operating revenue.
No separate share buyback or dividend information was disclosed.
[AI Summary]The largest shareholder pledging its entire stake creates structural risk: upon default, 55% of outstanding shares could be liquidated. Although Shinhan Investment is a credible counterparty, the simple trigger conditions for pledge execution make the company vulnerable to forced selling and price collapse.