WYSIWYG Studios' Stake in NP Inc. Eliminated in Merger; Stock Pledge Remains
Following the absorption merger where NP Inc. is the surviving entity, WYSIWYG Studios' entire stake of 10,017,487 shares representing 22.72% of NP Inc. has been canceled.
Despite the reporting obligation being relieved, a stock pledge agreement with KB Kookmin Bank covering 5 million shares 11.34% remains effective until February 2027. The loan amount is 2.1 billion won at 4.52% interest.
All special relations' holdings have also been eliminated through the merger or termination of relationship, resulting in zero shares held by the filer.
[AI Summary]The merger canceled the largest shareholder's stake without issuing new shares, so no dilution for existing NP shareholders. The ongoing pledge limits short-term liquidity risk. A change in the largest shareholder is expected post-merger.