Excure Hightron Delays Rights Offering, Third-Party Allocation Correction Raises Dilution Concerns
- Rights offering payment date delayed from 2026.04.30 to 2026.10.30; listing date from 2026.05.15 to 2026.11.16 (6-month postponement)
- Third-party allocation: Sonogong Co. (7,080,530 shares), The Technology Co. (7,080,530 shares) – total 14,161,060 new shares
- After allocation, each will hold 10,080,980 shares (up from 3,000,450)
- All new shares subject to 1-year lock-up
- Allottee finances: Sonogong (2025: assets ₩119.98B, net profit ₩0.81B), The Technology (2025: assets ₩19.97B, net loss ₩1.43B)
- Existing shareholder dilution approx. 45% (from 17,588,901 to 31,749,961 shares)
- This is the 5th+ correction of the material report, indicating delays and procedural risks
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: EXICURE HITRON (019490)
- Submission: EXICURE HITRON INC.
- Receipt: 04-30-2026