Failure to Complete Change Listing After Capital Reduction Triggers Immediate Delisting Risk

KOSDAQ delisting decision (Apr 3, 2026) currently suspended due to injunction
Capital reduction decision (May 18, 2026); change listing application not filed within 1 month
If court dismisses injunction before change listing is completed: immediate delisting without managed trading period
If change listing completed before court decision: managed trading period granted then delisting

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