KGA Delays 900 Million Won Third-Party Allotment Subscription to August 27 and Reports Unconfirmed Issuance Price of 1,208 Won, Maintaining Dilution at 5.34%
KGA has postponed the subscription date for its 900 million won third-party allotment from July 6 to August 27, with the listing date moving to September 14.
The issuance price is reported as 1,208 won but remains unconfirmed; the final price will be determined three trading days before the subscription date. The offering of 745,030 new shares represents approximately 5.34% dilution of total outstanding shares.
All proceeds will be used for working capital. The four individual allottees have no lock-up period, raising concerns about potential selling pressure.
The company has not paid dividends for the past five years and holds 22,721 treasury shares with no plan to cancel them.
The debt ratio stands at 56.31%, and the company reported an operating loss of 1.2 billion won and a net loss of 1.6 billion won in the first quarter of 2026, continuing its loss trend.
[AI Summary]This amendment only adjusts the schedule without altering the offering scale or dilution rate. The 5.34% dilution and use of funds for working capital continue to exert downward pressure on the stock price. Given persistent losses and high financial leverage, investors should proceed with caution.
KOSDAQ Filing Information
[Correction of Description] Small Amount Public Offering Disclosure Document (Equity Securities)