TLB Confirms Final Rights Offering Price at 64,200 Won, 21% Discount to Market and 21% Dilution

TLB finalized the rights offering price at 64,200 won per share on July 1, 2026, reflecting a 21% discount to the previous closing price of 81,300 won.
The new shares totaling 2,073,000 shares will dilute existing shareholders by approximately 21% relative to the 9,832,630 shares outstanding, significantly impairing shareholder value.
The final price was determined as the lower of the two offering prices, with the second price of 64,200 won selected over the first price of 89,400 won, calculated using a 20% discount rate.
[AI Summary]The confirmation of TLB's final rights offering price locks in a 21% dilution with a discount exceeding 20%, unfavorable for existing shareholders. The lack of disclosed use of proceeds prevents assessment of capital allocation quality, but the dilution scale alone implies a negative stock price outlook.