OSP Corrects Rights Offering Disclosure, Minor Rounding Adjustment in Issue Price
OSP has corrected its major disclosure regarding a rights offering decision filed on June 26, 2026. The amendment corrects a simple rounding error in the issue price calculation, adjusting the new share price from 1,632 won to 1,633 won per share.
Consequently, the total funds raised increased by approximately 1.46 million won to 2,378,805,797 won, representing only 0.015% of market cap, making the financial impact negligible. The core terms and scale of the capital increase remain unchanged.
The third-party allotment involves 1,456,709 new shares, representing about 20% dilution relative to pre-issuance outstanding shares of 7,283,547. The issue price is at a 10% discount to the reference price of 1,813 won. Payment date is July 7, 2026, with listing expected on July 20, 2026.
[AI Summary]This correction is purely a clerical fix with no impact on shareholder value. However, the underlying rights offering itself imposes significant 20% dilution for operating capital, which is negative for existing shareholders. Participation by the largest shareholder and related parties along with a one-year lock-up mitigates near-term selling pressure.
KOSDAQ Filing Information
[Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)