Soosung Webtoon Amends Payment Schedule for Toomics Stake Acquisition
Soosung Webtoon filed an amendment on July 13, 2026, regarding the payment schedule for the acquisition of 6,575 shares of Toomics, originally decided on October 16, 2024.
The previous in-kind contribution plan has been canceled, and the payment deadline for the remaining 4.5 billion won plus interest has been extended to August 30, 2027, with 2026 interest waived and 4.6% interest applied from 2027.
The total transaction amount of 39 billion won and the number of shares acquired remain unchanged, indicating this correction is a mere schedule adjustment with no material impact on financial structure or shareholder value.
[AI Summary]This amendment to Soosung Webtoon's Toomics acquisition payment schedule is a procedural correction that extends the deadline without altering the total consideration, resulting in negligible market impact. The cancellation of the in-kind contribution plan removes dilution risk, but the extended terms and interest waiver require monitoring for long-term cash flow implications.
KOSDAQ Filing Information
[Correction of Description] Report on Major Events (Decision to Acquire Stocks and Investment Securities of Other Corporation)