Iokenm Announces 1 Billion Won Third-Party Allotment (Consecutive Losses, Financial Risks)

Iokenm (formerly Stageone Enter) decided on a third-party allotment of 240,963 shares (~₩1 billion) at ₩4,150 per share, a 10% discount to the reference price (₩4,611).
Recorded operating losses for three consecutive years (2023-2025): 2025 consolidated operating loss of ₩8.02 billion, net loss of ₩17.41 billion, and accumulated deficit of ₩141.07 billion.
Consolidated debt ratio at end-2025 was 20.35% (excluding cash equivalents); adjusted debt ratio 20.35%, indicating liquidity concerns.
Proceeds will be used for operating purposes; no dividend plans. The offering risk factors highlight continued losses and potential stock price decline.
After the disclosure, a 10:1 reverse stock split was executed in April 2026, reducing shares from 59,362,257 to 5,936,225.

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