NanoSilikhan Advanced Materials EGM Approves Reverse Stock Split and Par Value Change, Outstanding Shares to Halve

NanoSilikhan Advanced Materials held an extraordinary general meeting on July 3, 2026 and approved a reverse stock split and a related amendment to the articles of incorporation as special resolutions.
The reverse split will double the par value from 500 won to 1,000 won, reducing the number of outstanding shares from 32,028,857 to approximately 16,014,428 shares.
This is a structural adjustment without any change in equity capital, likely aimed at raising the share price to meet listing requirements or improve investor perception.
Attendance rate was 39.8% and both resolutions passed unanimously with 100% approval from voting shares.
[AI Summary]NanoSilikhan Advanced Materials' EGM has finalized a reverse stock split reducing outstanding shares but leaving total equity unchanged. This is merely a price adjustment with no fundamental impact on shareholder value, and the current market cap of 60.2 billion won remains unaffected.