CELLUMED failed to repay the remaining settlement amount due by June 30, 2026 under the enforcement judgment lawsuit settlement.
If payment default leads to termination of the settlement, the company may be liable for the full judgment amount of approximately 23.9 billion won plus additional legal costs of 2 billion won, totaling about 25.9 billion won.
This represents about 30% of the company's market cap of approximately 84 billion won, posing a serious threat to financial health.
The company is in consultation with the creditor's representative and will disclose further upon agreement.
[AI Summary]CELLUMED has entered default on its settlement payment, and termination of the settlement could trigger a massive liability of 25.9 billion won, negatively impacting the stock price.
KOSDAQ Filing Information
[Correction of Description] Major Management Matters Related to Investment Decision (Matter of Change in Agreement on Lawsuit for Enforcement Judgment)