Trinity Airways Completes Third-Party Allotment Capital Increase of 97.56 Million Shares, Diluting Existing Shareholders by 23.6% with One-Year Lock-Up
The company completed the third-party allocation capital increase resolved on June 22, 2026, with payment on June 30, 2026.
A total of 97,560,974 new shares were issued at 820 KRW per share, raising approximately 79.9 billion KRW.
The new shares are expected to be listed on July 21, 2026, and will be fully locked up for one year from the listing date.
The dilution ratio of 23.6% relative to current outstanding shares poses a significant negative impact on existing shareholder value.
The specific use of proceeds is not disclosed in this announcement.
[AI Summary]Trinity Airways' third-party allotment capital increase has been finalized, resulting in a 23.6% dilution of existing shares. Although the issue price is slightly above the market price, the massive dilution is expected to pressure the stock price in the short term. The one-year lock-up delays the influx of new shares but the overhang remains a concern for investor sentiment.
KOSPI Filing Information
Result of Issuance of Rights Offering or Equity-Related Bonds (Voluntary Disclosure)