Parataxis Ethereum Files Amendment to Merger Report Reflecting Target Delisting Risk – New Share Issuance Unchanged but Terms Subject to Change
The target company Parataxis Korea received a delisting decision from KRX on July 1, 2026, raising the possibility of changes to merger terms or delays.
The merger ratio remains at 1:0.2806763, with Parataxis Ethereum planning to issue 29,773,483 common shares and 195 preferred shares.
The merger may be terminated if the total amount of appraisal rights exceeds 20 billion KRW or creditor objections exceed 4 billion KRW.
[AI Summary]This amendment officially incorporates the delisting risk of the target company, increasing merger uncertainty and negatively affecting shareholder value. While no immediate dilution occurs, term changes could lead to value erosion for existing shareholders.
KOSDAQ Filing Information
[Correction of Description] Report On Major Matters (Decision On Company Merger)