KGA Completes 900 Million Won Third-Party Allotment, 740,740 New Shares Expected to List on August 6
KGA confirmed through its small public offering report on July 20, 2026 that the subscription and payment for the third-party allotment of 900 million won have been fully completed.
This issuance creates 740,740 new shares, representing a dilution of 5.31% relative to the existing outstanding shares of 13,958,316. The new shares are scheduled to be listed and begin trading on August 6, 2026 with no lock-up period.
The issue price is 1,215 won per share, consistent with the initial disclosure, and all proceeds will be used for operating capital. Allottee Lee Seung-gyun will hold a 5.04% stake, becoming a new major shareholder with over 5% ownership.
No dividends have been paid in the past five years, and the company holds 22,721 treasury shares with no cancellation plan.
[AI Summary]With the small public offering only amounting to 900 million won or about 4.4% of market cap, the overall impact is limited; however, the lack of a lock-up period creating potential selling pressure, the use of funds for working capital, persistent losses, and high financial leverage are expected to negatively affect short-term share price.