Pectus-JB Woori Fund sells 4.15% stake in TMC via block trade, holding drops to 9.80%

Pectus-JB Woori New Technology Business Investment Partnership No.1 has disposed of 1,000,000 shares of TMC via a block trade on June 17, 2026.
The disposal price was 18,420 KRW, a premium of approximately 13.4% over the closing price of 16,250 KRW on the reference date, reducing the holding ratio from 13.95% to 9.80%.
As a simple investment purpose reduction, it has no direct impact on the company's capital structure or management control, but the stake falling below 10% may signal potential further sales.
No treasury stock acquisition or cancellation was reported.
The filer's total assets are approximately 77.6 billion KRW with no liabilities, and the special relationship entity JB Woori Capital has total assets of about 12 trillion KRW, indicating solid financial health.
[AI Summary]The block trade by Pectus-JB Woori Fund is a simple portfolio adjustment, potentially exerting short-term downward pressure on TMC stock but not altering the company's fundamentals. The premium disposal price and the filer's sound financial standing limit credibility concerns. The drop below 10% ownership warrants monitoring for further changes.