JS Link Corrects Payment Date for 53.3 Billion Won Rights Offering to Lynas Rare Earths, One Day Earlier, No Change to Key Terms
JS Link filed a correction to its previous disclosure, moving the payment date for the 53.3 billion won third-party allotment to Lynas Rare Earths from July 30, 2026 to July 29, 2026, a one-day acceleration.
The change was made at the investor's request, while all other key terms including the issue price of 32,000 won, the number of new shares at 1,668,531, and the one-year lock-up period remain unchanged.
The proceeds will be fully used for investment in permanent magnet production facilities at its Malaysian subsidiary JS LINK MAGNETICS MALAYSIA, maintaining the strategic growth funding purpose.
[AI Summary]This correction is an administrative adjustment shortening the payment date by one day. The core terms of the capital increase such as size and price are unchanged, limiting additional impact on existing shareholder value. The 4.8% dilution and one-year lock-up remain in place.
KOSDAQ Filing Information
[Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)