Foodnamoo Decides 1 Billion Won Third-Party Allotment - Emergency Fundraising Amid Deteriorating Financials
- Offering overview: 337,609 common shares (approx. 1 billion won) issued via third-party allotment at 2,962 won per share (10% discount to reference price of 3,291 won)
- Purpose: Raise operating funds (urgent nature)
- Weak financials: 2025 consolidated operating loss of 8.15 billion won, net income of 2.03 billion won (including one-time gains), accumulated deficit of 46.8 billion won, net debt ratio of 112.8%
- Credit rating downgraded: from BBB+ in 2024 to BB- in 2025-2026 (Korea Data)
- Dilution risk for existing shareholders due to third-party allocation
- Audit report includes 'material uncertainty related to going concern'
ADVERTISEMENT (250px+)
KOSDAQ Filing Information
- Filing: Small Public Offering Disclosure Document (Equity Securities)
- Company: FOODNAMOO (290720)
- Submission: FOODNAMOO, INC.
- Receipt: 05-14-2026