Wemade Correction Disclosure Amends NeoPulse Business Description While Ownership Change Terms Remain Unchanged
Wemade filed a correction disclosure on June 30, 2026 regarding the stock purchase agreement that involves a change of its largest shareholder.
The correction amends the business description of the prospective largest shareholder NeoPulse from private equity fund management to non-financial holding company, game software development and supply, and related activities, due to a simple clerical error.
All key terms of the underlying transaction remain unchanged: transfer of 13,350,738 shares representing 39.33% stake at 68,910 won per share for a total consideration of 920 billion won.
Founder Park Kwan-ho will sell his entire stake to NeoPulse, with management control expected to be transferred on October 30, 2026 upon payment of the balance.
NeoPulse is a newly established entity in October 2025 with total assets of 24.8 billion won, capital of 900 million won, and zero revenue or net profit, wholly owned by Shengsong Investment Co., Limited.
[AI Summary]This correction is a purely administrative rectification with no financial impact on the existing transaction terms. However, the fundamental risks associated with the opaque and revenue-less acquiring entity remain unchanged, warranting cautious investor assessment.
KOSDAQ Filing Information
[Correction of Description] Execution of Stock Transfer Agreement Involving Change of Largest Shareholder