Exion Group Fully Withdraws Third-Party Allotment Rights Offering
- Exion Group (co-CEOs Lee Seung-cheol and Jeong Jae-young) resolved at its board meeting on May 12, 2026 to fully withdraw the previously resolved third-party allotment rights offering.
- The withdrawal is attributed to the withdrawal of Valiant New Technology Union No. 242 from participation due to internal circumstances, resulting in non-payment; additionally, the board rejected (3 in favor, 2 against, 1 abstention) the request from Dooyoung Logistics for a one-month extension of the payment deadline, failing to meet the conditions for proceeding with the capital increase.
- The rights offering was initially decided on April 15, 2025, but was ultimately withdrawn due to non-payment and the board's failure to approve an alternative.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: Exion Group (069920)
- Submission: Exion Group Company Limited
- Receipt: 05-12-2026