SK Square Acquires 14.88% Stake in NEXUS via Third-Party Allotment, Enters Shareholder Agreement with Call and Put Options
SK Square acquired 12,111,300 common shares of NEXUS at 2,300 won per share through a third-party allotment capital increase on June 27, 2026, securing a 14.88% stake.
The total acquisition cost of 27.86 billion won was fully funded by internal reserves, and the new shares are scheduled to list on July 15, 2026.
SK Square entered into a shareholder agreement with NEXUS CEO Jang Hyun-guk, granting Jang a call option and SK Square a put option on the acquired shares.
The purpose of the holding is general investment without intent to influence management, with potential to propose shareholder return policies such as dividend expansion or share buybacks.
[AI Summary]SK Square's stake acquisition causes significant dilution but at a premium to market price, limiting value erosion. The highly credible counterparty enhances governance, yet the absence of explicit use of proceeds and synergy details caps near-term upside.