Solux-Aribio Merger Decision with Appraisal Rights Caps of KRW 1.5B/3B
- Merger between Solux (surviving) and Aribio (disappearing). Post-merger, the surviving entity will change its name to Aribio and operate separate lighting and bio business divisions.
- Merger schedule set: Solux shareholder record date 2026.04.30, merger date 2026.07.10, new shares listing 2026.08.03; Aribio shareholder record date 2026.06.01, merger date 2026.08.11, new shares listing 2026.09.04.
- Appraisal rights caps: KRW 1.5 billion for Solux shares and KRW 3 billion for Aribio shares. If exceeded, parties negotiate; failure to agree may lead to contract termination.
- Conditions precedent: shareholder approval, regulatory approvals, accuracy of representations, no material adverse change. Termination conditions: appraisal rights exceeding caps and no agreement after negotiation.
- This merger constitutes a backdoor listing; amendment filing adjusts schedule and number of new shares.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report On Major Matters (Decision On Company Merger)
- Company: Solux (290690)
- Submission: Solux Co., Ltd.
- Receipt: 04-27-2026