DAEHO AL Lock-Up Expiry for Third-Party Allocation: 1.85M Shares Become Tradable
DAEHO AL announced that the lock-up period for common shares issued via third-party allocation last year will expire on July 16, 2026.
The locked-up shares total 1,853,567 shares, representing about 10.6% of total outstanding shares, held by Song Chang-woon and Haedeun Sky General Private Investment Trust No. 1.
Originally 9,267,840 shares, the count was reduced to 1,853,567 after a 5-to-1 stock split reverse merger, but the impending unlock could exert downward pressure on the stock price due to increased potential supply.
[AI Summary]The lock-up expiry of approximately 10.6% of shares creates a large overhang that may negatively impact DAEHO AL's stock price. With no clearly stated use of proceeds and neutral counterparty credibility, investors should closely monitor how the market absorbs the newly tradable shares.