SDN Calls Extraordinary General Meeting for 10:1 Reverse Stock Split and Data Center Business Expansion
SDN announced the convening of an extraordinary general meeting on August 6, 2026, to approve a 10:1 reverse stock split and amendments to the articles of incorporation.
The reverse stock split will reduce outstanding shares from 62,944,350 to 6,294,435 with no change in capital at 32.5 billion won, aimed at stabilizing the stock price and enhancing corporate value.
Outside directors with attendance rates of only 21% and 29% raise governance concerns regarding board oversight.
The company added new business purposes including data centers, AI data centers, and energy efficiency to signal entry into new growth areas.
[AI Summary]The shareholder meeting agenda is neutral for short-term stock price as the reverse split does not alter capital structure, but poor director attendance heightens governance risk. The addition of data center business reflects a strategic move for long-term growth.