COPUS KOREA Transfers Control to Artist Studio via Share Sale and Issuance of New Shares and Convertible Bonds, Leading to Massive Dilution
COPUS KOREA signed a change of control contract on June 26, 2026, under which major shareholder Oh Young-seop and one related party sell 800,000 shares to Artist Studio and others, and the company issues 5,716,461 new shares and 175 billion won in convertible bonds
The new share issuance represents 63.7% of the current outstanding shares of 8,974,830, causing severe dilution for existing shareholders. Conversion of the CBs could lead to further dilution, potentially increasing total shares by 108%
The acquirers include Artist Studio, Jidam Media, StoryArc Studio, and Victor Gross Partners. Artist Studio reported total assets of 51.8 billion won but a net loss of 4.7 billion won in 2025
Details of the new share and CB issuance will be disclosed separately, and contract terms are subject to change by agreement
[AI Summary]COPUS KOREA is issuing a massive amount of new shares and convertible bonds to transfer control, drastically diluting existing shareholders. The counterparties' financial health and the use of proceeds remain unclear, presenting high investment risk