SONO SQUARE Completes 80% Capital Reduction, Shares Reduced to One-Fifth, Capital Decreased by 40.3 Billion KRW
SONO SQUARE completed its free capital reduction on June 29, 2026, as resolved by the board on March 27, 2026.
The total outstanding shares decreased from 100,800,450 to 20,160,090, an 80% reduction, while capital decreased from 50,400,225,000 KRW to 10,080,045,000 KRW, a reduction of 40,320,180,000 KRW.
Both major and minority shareholders experienced the same 80% reduction ratio, thus ownership proportions remain unchanged.
The listing change is scheduled for July 14, 2026, and the stock price is theoretically expected to adjust upward by a factor of five. However, a large free capital reduction often signals financial restructuring, warranting investor caution.
Previous related disclosures include the capital reduction decision, trading suspension, and extraordinary general meeting notice.
[AI Summary]SONO SQUARE completed an 80% free capital reduction, reducing its capital by 40.3 billion KRW and shrinking outstanding shares to one-fifth. While aimed at improving the financial structure, such a large capital reduction may signal financial distress, increasing short-term stock price volatility.