Deep Commerce Announces 50% Dilutive Rights Offering to Raise 7.4 Billion KRW for Working Capital, Concurrent Stock Split

The rights offering will issue 6,145,550 new shares, representing a 50% dilution relative to the current 12,291,581 shares outstanding.
The 7.4 billion KRW proceeds will be used for operating expenses including R&D, procurement, and marketing.
New shares are subject to a one-year lock-up, and a subsequent 5:1 stock split will adjust the share count.
The third-party allotment is to four individuals including a related party, DING SHAO YING, with no institutional backing.
[AI Summary]This capital raise results in severe dilution with funds allocated to working capital rather than high-growth investments, raising concerns for shareholder value. The counterparty credibility is low, increasing investment risk. Expect short-term downward price pressure; caution advised.