Wise birds Terminates 2 Billion Won Treasury Stock Acquisition Trust Contract, Receives 1.75 Million Shares for Partial Cancellation
Wise birds disclosed the termination of its 2 billion won treasury stock acquisition trust contract signed on May 14, 2026, upon its expiration on June 30.
Under the termination, 1,753,740 shares will be returned to the company's account and partially canceled; the exact cancellation amount will be disclosed via subsequent filings.
The returned shares represent approximately 3.48% of total outstanding shares of 50,459,582, and their cancellation could enhance per-share value.
[AI Summary]The termination of Wise birds' treasury stock acquisition trust contract is a routine expiration procedure, but the plan to cancel part of the 1.75 million returned shares signals a positive step for shareholder value. The impact on stock price will depend on the magnitude and timing of the cancellation, which requires monitoring of future disclosures.
KOSDAQ Filing Information
Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)