Nextchip Completes Paid-in Capital Increase Subscription... "Pursuing Financial Stabilization"

Nextchip, a company specializing in automotive semiconductors, announced on August 6, 2025, that a total of 1,809,320 shares participated in its general public offering for paid-in capital increase. The subscription amount reached approximately 7.6 billion KRW, with a subscription rate of 19.3%.

The company stated that it will allocate the funds secured through the capital increase according to its priorities. For the portion where the subscription amount fell short of the target, Nextchip plans to make up the difference by selling existing assets or generating cash through its own business operations.

Nextchip intends to proceed as planned with its strategic roadmap, which includes the execution of major projects and partnerships scheduled for the second half of the year, preparations for product commercialization, and entry into new businesses. Through these efforts, the company aims to secure financial soundness while laying the foundation for long-term growth.

A Nextchip representative stated, "Although this paid-in capital increase did not meet our initial expectations due to market conditions and timing factors, we will proceed without disruption with our planned key businesses and financial stabilization measures. We will also steadfastly carry out scheduled debt repayments and business investments to uphold the trust of the investors who participated in the subscription."

This content was produced with the assistance of AI translation services.