KGA Amends Small Offering: Finalizes 9 Billion Won Private Placement with 1,388 Won Issue Price and 648,414 Shares, Dilution at 4.65%
KGA has finalized its small public offering correction on July 9, 2026, setting the final offering price at 1,388 won per share and the number of shares at 648,414, raising a total of 9 billion won.
Compared to the previous plan, the offering price increased from 1,208 won to 1,388 won, and the number of shares decreased from 745,030 to 648,414, while the total proceeds remained unchanged.
The new shares represent approximately 4.65% of the outstanding shares of 13,958,316, with a slightly reduced dilution ratio compared to the initial plan.
The offering price reflects a 10% discount to the weighted average price before the amendment and is approximately 3% higher than the current market price of 1,347 won.
All proceeds will be used for operating expenses, and the subscriber has been changed from four individuals to a single individual, Lee Seung-gyun.
No lock-up period has been set for the new shares, which could create additional selling pressure after listing.
The company has not paid dividends in the last five years and holds 22,721 treasury shares with no cancellation plan.
In the first quarter of 2026, the company reported revenue of 0.9 billion won, an operating loss of 1.2 billion won, and a net loss of 1.6 billion won, continuing its loss trend, with a debt ratio of 56.31% indicating high financial burden.
[AI Summary]This correction slightly eases dilution for existing shareholders due to a higher issue price and fewer shares, but the 4.65% dilution, use of funds for operations, absence of lock-up, persistent losses, and high financial leverage are likely to weigh on the stock price in the short term.
KOSDAQ Filing Information
[Correction of Description] Small Amount Public Offering Disclosure Document (Equity Securities)