Moadata Finalizes Extraordinary General Meeting Agenda: Stock Consolidation, Business Purpose Additions, and Director Candidate Changes
Moadata has submitted a correction disclosure to finalize the agenda for the extraordinary general meeting scheduled for July 21, 2026.
The agenda includes the addition of new business purposes such as semiconductor chips, wireless communication equipment, and IoT devices through an articles amendment.
A reverse stock split at a 2:1 ratio is proposed, changing the par value from 500 KRW to 1000 KRW, which will halve the total number of shares but leave capital and shareholder value unchanged.
Inside director candidates Kim Won-soo and Choi Seong-woo remain, while Han Sang-hoon has been removed from the slate.
The stock consolidation may lead to a trading suspension period, posing short-term liquidity risk.
[AI Summary]This correction disclosure finalizes the EGM agenda. The reverse split is a procedural step for KOSDAQ listing compliance, and the business purpose additions signal potential expansion into new areas. The change in director slate is neutral for shareholder value.
KOSDAQ Filing Information
[Correction of Description] Resolution on Convening of General Meeting of Shareholders (Extraordinary General Meeting)