NUIN TEK Decides Third-Party Allotment of 3.34 Million Shares to CEO, Diluting Equity by 17.9%

NUIN TEK has decided to issue 3,344,481 new common shares via a third-party allotment to its CEO and major shareholder Jang Ki-soo to raise approximately 3.0 billion KRW in operating funds.
The issue price of 897 KRW represents a 25% premium over the reference price of 717 KRW. The payment date is July 22, 2026, and the listing date is August 4, 2026.
This capital increase will raise total outstanding shares to 22,044,793, diluting existing shareholders by 17.9%. The proceeds will be fully used for working capital including raw material purchases.
The new shares are subject to a one-year lock-up from the listing date. The board meeting was attended by one outside director.
[AI Summary]While NUIN TEK secures funding through a large-scale capital increase from its CEO, existing shareholders face a substantial 17.9% dilution. Despite the 25% premium over the reference price, the use of proceeds for generic working capital lacks growth catalysts. The exclusive allotment to the controlling shareholder may entrench control, posing governance risks for minority investors.