Decision to Absorb Wholly Owned Subsidiary ANewt via Zero-Issuance Merger and Schedule Change
- Xperix decided to absorb its wholly owned subsidiary ANewt via a zero-issuance small-scale merger and corrected the timeline
- Creditor objection period end date postponed from July 17 to July 20, 2026; merger date postponed from July 20 to July 21, 2026 (each delayed by one day)
- ANewt posted negative equity of -1.499 billion won as of end-2025 and net losses for three consecutive years (2023: -864M, 2024: -813M, 2025: -1.084B), indicating weak financial health
- Since Xperix already owns 100% of ANewt, the merger does not change the number of shares outstanding or capital
- As a small-scale merger, board approval substitutes for a general meeting; no appraisal rights granted (but cannot proceed if 20%+ of outstanding shares oppose)
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report On Major Matters (Decision On Company Merger)
- Company: Xperix (317770)
- Submission: Xperix Inc.
- Receipt: 05-19-2026