Linked Inc. Reports Sharp Ownership Drop in NEXUS from 73.53% to 58.12% as Capital Increase Shares Are Listed
The total number of shares held by Linked Inc. and its specially related parties increased by 161,765 to 47,303,150 shares from the previous 47,141,385 shares. However, the listing of 17,272,946 new shares increased the total outstanding voting shares from 64,112,099 to 81,385,045, causing the ownership ratio to drop from 73.53% to 58.12%.
The main reason for the ownership decline is the completion of the third-party allotment capital increase to SK Square, Naver, and Krafton, with new shares listed on July 15, 2026. Through this capital increase, CEO Jang Hyun-kook entered into shareholder agreements including call and put options with these strategic investors, establishing a structure that can influence management.
Special related party Jang Hyun-kook additionally acquired 161,765 shares through open market purchase, expanding his stake. Future dilution risks remain as Linked holds two exchangeable bonds totaling 4,096,030 shares and other potential shares of 27,389,946.
[AI Summary]The large-scale capital increase significantly diluted the largest shareholder's stake in NEXUS, but the involvement of top strategic investors like SK Square, Naver, and Krafton sends a positive signal. Despite potential dilution from exchangeable bonds, the completion of the capital increase improves financial stability, and the impact on stock price should focus on medium to long-term fundamental changes rather than short-term shock.