Hyungji I&C Rights Offering Subscription Rate Only 59% Leads to 1.15 Million Unsubscribed Shares Public Offering and Severe Dilution Risk
Hyungji I&C reported that as of the subscription deadline on July 10, 2026, only 1,653,311 of the 2,800,000 planned new shares were subscribed, resulting in a subscription rate of 59.05%.
The remaining 1,146,689 unsubscribed shares will be offered to the general public from July 14 to 15, 2026, with SK Securities acting as underwriter for any residual shares.
Given that the total new shares represent approximately 65% dilution relative to the current outstanding shares of 4,296,262, existing shareholders face significant value dilution regardless of the final allocation.
[AI Summary]Hyungji I&C's rights offering subscription rate of 59% fell well short, forcing over 1.14 million unsubscribed shares into a public offering. Despite SK Securities' underwriting commitment, the heavy dilution and weak demand signal persistent downward pressure on the stock price. Existing shareholders bear immediate dilution risk and potential near-term losses.
KOSDAQ Filing Information
Subscription Results of Capital Increase or Equity-Linked Bonds, Etc. (Voluntary Disclosure)