CSA Cosmic Finalizes 93% Capital Reduction Schedule, Share Listing Pushed to August 4
This amendment adjusts the previously announced capital reduction schedule in coordination with relevant authorities, finalizing the trading suspension end date to August 3 and the new share listing date to August 4.
The capital reduction ratio remains at 93%, consolidating 15 common shares into 1, with the record date fixed at July 14.
Post-reduction, outstanding shares will decrease from approximately 106.6 million to about 7.1 million, aimed at improving financial structure by covering accumulated deficits.
Fractional shares will be paid in cash based on the closing price on the first listing day, and creditor objection procedures are omitted.
[AI Summary]CSA Cosmic has finalized the schedule for its 93% capital reduction, completing the process to improve its financial structure. While the reduction in shares could boost per-share value, the mandatory capital decrease to cover large deficits highlights the company's financial weakness. Investors should monitor stock price volatility until the new shares are listed.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Capital Reduction)