HuLim Robot: 10:1 Reverse Stock Split Followed by Rights Offering and Major Shareholder's Massive Sale of Subscription Rights
- Simultaneous rights offering and reverse stock split: A 10:1 reverse stock split (reducing common shares by 90%) effective May 1, 2026, followed by a rights offering. Expected issue price of 4,915 won (post-split), with a 25% discount.
- Major shareholder (the company) plans to sell subscription rights: Out of 1,544,003 rights allocated, 406,999 will be exercised and 1,137,004 (73.6%) will be sold.
- Sale size: Approximately 5.59 billion won (1,137,004 rights × 4,915 won). Massive sale creates overhang risk.
- Large transactions in prior 6 months: Convertible bond purchase agreement on Jan 21, 2026, and subsequent transfer on Mar 20, 2026 (14,981,273 shares, acquisition price 650 won).
- Reflecting stock price decline: Base date (Apr 6, 2026) closing price 735 won (pre-split), 1-month VWAP 945.48 won, 1-week VWAP 871.38 won, latest day VWAP 753.60 won. Base price set at 753.60 won with 25% discount.
ADVERTISEMENT (250px+)
KOSDAQ Filing Information
- Filing: Report On Transaction Plan Of Specific Securities By Executives And Major Shareholders
- Company: Hyulim A-Tech (078590)
- Submission: Hyulim ROBOT Co.,Ltd.
- Receipt: 04-30-2026