Exion Group Confirms Massive New Share Lock-Up After Major Shareholder Change and Faces Designation Risk

Exion Group announced a change in its major shareholder on July 14, 2026, and confirmed that the new major shareholder, identified as a nominal company, is subject to a mandatory 1-year holding period under KOSDAQ listing rules Article 51.
The shares subject to the lock-up are 5,004,170 new shares issued via a third-party allotment, representing a massive 53.8% dilution relative to the existing 9,296,521 outstanding shares. The new shares are scheduled to be listed on July 31, 2026.
If the mandatory holding is not completed before the listing date, the stock may be designated as an investment caution stock from the following trading day, posing a significant risk.
[AI Summary]The major shareholder change triggers over 50% equity dilution through new share issuance, with the lock-up compliance critical for price stability. The emergence of a low-transparency nominal company as the largest shareholder introduces long-term governance risks.