Capital Increase Correction: Third-Party Allottees Changed to Insolvent Entities, Payment Postponed to May
- Correction to rights offering: payment date postponed from April 28 to May 28, 2026; listing date moved to June 15
- Third-party allottees changed from Aerospace Korea Union and JYP M&C Consulting to Hyosung Industrial Development and Ahn Soon-ok
- Hyosung Industrial Development has negative equity of -416 million KRW (capital impairment), zero revenue, and net loss of 216 million KRW; very weak financials
- Ahn Soon-ok is an individual with no disclosed financials, raising uncertainty about funding ability
- Raises concerns about the success of the capital increase and the quality of funds raised
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: MOBILE APPLIANCE (087260)
- Submission: MOBILE APPLIANCE, INC.
- Receipt: 04-28-2026