Approx. 200 billion won rights offering and Doosan Logistics Solution acquisition

Clobot decided on a rights offering of 5,494,500 shares (21.98% dilution) at an expected price of 36,400 won (25% discount) to raise approximately 200 billion won
Of the proceeds, 162.3 billion won will be used for the acquisition of Doosan Logistics Solution (DLS) (100% stake, total 115.8 billion won) and additional investment, while 37.7 billion won for operating funds
DLS has negative equity (capital deficit of 47 billion won as of 2025) and contingent liabilities of 54.3 billion won related to a Thai project; the seller bears litigation risk under the acquisition terms
2025 consolidated revenue was 41.4 billion won, operating loss 3.2 billion won, net loss 2.2 billion won, missing IPO revenue forecast by 36.7%
2026 Q1 revenue was 8.1 billion won (up 65% YoY) but operating loss of 2.5 billion continued; cash flow plan shows 200 billion won from the rights offering in H2 2026
Majority shareholder CEO Kim Chang-gu's stake will drop from 15.54% to 13.02% post offering, posing a risk to management stability
As of Q1 2026, unused IPO funds of 30.9 billion won and total cash & short-term financial instruments of 40.5 billion won

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Filing: [Correction of Description] Securities Registration Statement (Equity Securities)
Company: CLOBOT (466100)
Submission: CLOBOT Co., Ltd.
Receipt: 05-19-2026