Tera Science Sells 8.55% Stake in DAVOLINK via Forced Sale by Pledgee, Reducing Controlling Stake to 10.78%
Tera Science sold a total of 2,884,870 common shares of DAVOLINK through open market sales from June 15 to July 3, 2026, reducing its stake from 19.33% to 10.78% a decline of 8.55 percentage points.
The sales were forced by the pledgee's margin call, indicating financial distress of the controlling shareholder.
After the sales, Tera Science still holds 5,613,226 shares representing 10.78% and remains the largest shareholder.
[AI Summary]The forced sale of a large block by the controlling shareholder may exert negative pressure on the stock price, and investors should monitor potential further stake changes.
KOSDAQ Filing Information
Report on Ownership of Specific Securities by Executives and Major Shareholders