Exion Group Extends Final Payment Deadline for Largest Shareholder Change Stock Transfer to September 30 2026 with No Change in Total Consideration
This amendment extends the final payment deadline for the existing largest shareholder change stock transfer agreement from June 30 2026 to September 30 2026. The total consideration of approximately 15.9 billion won and the number of shares transferred 552,954 remain unchanged.
After the reverse stock split the per-share price is 28,800 won and the prospective largest shareholder Inopayian will hold a total of 940,954 shares or 10.12% including its existing 388,000 shares.
This extension is an administrative adjustment to the payment schedule with no substantive change to the terms or financial impact of the agreement.
[AI Summary]Exion Group's largest shareholder change contract proceeds with only a payment deadline extension and no other modifications. The reverse split adjusted share count and per-share price but the total consideration is unchanged resulting in a neutral impact on shareholder value.
KOSDAQ Filing Information
[Correction of Description] Execution of Stock Transfer Agreement Involving Change of Largest Shareholder