COPUS KOREA Decides 5.7M Share Third-Party Capital Increase, Massive 63.7% Dilution with Management Change

COPUS KOREA has decided on a third-party capital increase of 5,716,461 shares to raise approximately 7.5 billion won for operating funds.
The issue price is 1,312 won, a 10% discount to the reference price of 1,457 won, resulting in a dilution of approximately 63.7% relative to existing shares.
Allottees are Artist Studio Co., Ltd., Jidam Media Co., Ltd., and Story Arc Studio Co., Ltd., each receiving 1,905,487 shares; notably, Artist Studio is designated as the intended acquirer of management control, indicating a change of control.
The new shares will be deposited for a one-year lock-up with payment due August 14, 2026, and listing expected August 31, 2026.
[AI Summary]This capital increase causes severe dilution of 63.7% significantly impairing existing shareholder value. The funds are for general operations with low growth potential and the related-party allotments signal a management change adding volatility risk.