Booster Announces 1:1 Free Stock Issuance, Doubling Outstanding Shares to 16.8 Million

Booster resolved on July 7, 2026 to issue 8,404,800 new shares free of charge, a 100% increase from the current 8,404,800 outstanding shares.
The record date for the stock dividend is July 23, 2026. Shareholders on record will receive one new share for each share held, raising total shares to 16,809,600. The new shares are expected to be listed on August 14, 2026.
The capital source is additional paid-in capital of 4,202,400,000 KRW. This is a book entry transfer from capital surplus to capital stock with no change in par value of 500 KRW per share.
While the number of shares doubles, existing shareholders' ownership percentage remains unchanged, and no cash inflow or outflow occurs. However, per-share metrics such as EPS will be halved.
[AI Summary]Booster's 100% free stock issuance doubles the number of shares without diluting existing shareholders' stake, primarily aiming to enhance liquidity. The immediate impact is neutral as no new capital is raised, but per-share values will adjust downward, potentially pressuring valuation multiples in the short term.