CSA Cosmic Completes 93% Capital Reduction Reducing Shares from 106.6 Million to 7.1 Million
CSA Cosmic completed the capital reduction on July 20, 2026. The board resolution was on February 20, 2026, with the record date on July 14 and effective date on July 15.
Through this reduction, common shares decreased by 93% from 106,638,983 to 7,109,265, and capital decreased from 21.3 billion won to 1.4 billion won. The reduction rate was 93% for both major and minor shareholders.
Such an extreme capital reduction is typically aimed at eliminating accumulated deficits and improving earnings per share and book value per share. However, shareholders have lost 93% of their holdings involuntarily, causing immediate financial damage.
The listing date change is scheduled for August 4, 2026, and future stock price performance should be monitored.
[AI Summary]CSA Cosmic completed a 93% capital reduction, drastically reducing shares and capital. This improves EPS and book value but signals past severe financial distress. The mandatory 93% reduction in shareholder holdings is a key risk.