Hyungji I&C Announces Rights Offering and Reverse Stock Split… Allocation Ratio 0.653
- KOSDAQ-listed Hyungji I&C resolved a rights offering on Feb 27, 2026, and filed a correction on May 7, 2026, changing the schedule.
- After a 10:1 reverse stock split, the rights offering proceeds with an allocation ratio of 0.652518968 new shares per existing common share.
- Issue price: 30% discount to base price; final price is the lower of the 1st and 2nd issue prices, subject to a floor price rule.
- Subscription for existing shareholders: July 9-10, 2026; public offering: July 14-15. Payment date: July 20; listing date of new shares: July 30.
- Warrants will be issued as electronic securities and are scheduled to be listed from June 24 to June 30, 2026.
- Record date closure: June 6-10, 2026. Prohibited short selling periods: June 1-8 and June 24-30, 2026.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: Hyungji I&C (011080)
- Submission: Hyungji I&C
- Receipt: 05-07-2026