Artist Studio Acquires 8.91% Stake in COPUS KOREA via OTC Purchase for Management Control, Pays Premium at 4,000 KRW per Share
Artist Studio and its special relation Jidam Media entered into a contract on June 26, 2026 to acquire 800,000 shares of COPUS KOREA via over-the-counter purchase, representing 8.91% of total outstanding shares.
The purchase price is 4,000 KRW per share, with 20% down payment of 640 million KRW paid and the remaining 2.56 billion KRW due on August 14, 2026.
The acquisition is fully funded by internal capital, with Artist Studio contributing 2 billion KRW and Jidam Media 1.2 billion KRW, for the purpose of obtaining management control.
[AI Summary]Artist Studio is pursuing a change in management by acquiring an 8.91% stake at a 100% premium to the current market price. While this may boost short-term stock price, the premium purchase itself does not directly affect existing shareholder value; future shareholder value will depend on the new management's strategy.