CammSys Corp. Calls Extraordinary General Meeting for Stock Consolidation and Articles Amendment
CammSys Corp.'s board resolved to convene an extraordinary general meeting on August 13, 2026 at 9:00 AM.
The main agenda is a 5-to-1 reverse stock split that changes the par value of common shares from 500 KRW to 2,500 KRW.
This stock consolidation involves no change in capital and only alters the par value, thus not affecting existing shareholders' ownership percentages.
The proposed articles amendment includes reflecting the new par value, deleting the absentee voting clause, and specifying the effective date of the amended articles.
The record date for voting rights is July 16, 2026, and the resolution was passed with all four outside directors attending.
[AI Summary]CammSys Corp. is pursuing a 5-to-1 reverse stock split through an extraordinary general meeting. This is a capital restructuring that only changes the par value without any capital increase or new share issuance, which may provide short-term price support but raises liquidity concerns. There is no direct dilution or loss to shareholder value.
KOSDAQ Filing Information
Resolution to Convene a General Meeting of Shareholders (Extraordinary General Meeting)