KSPION to List 13 Billion Won Worth of New Shares on September 29

KSPION's new shares issued through a third-party allotment paid-in capital increase will be listed on September 29.

According to KSPION on September 29, the company successfully completed the payment for its third-party allotment paid-in capital increase totaling approximately 13 billion won on September 14, and 10,752,688 newly issued registered common shares will be listed.

This large-scale listing of new shares is expected to serve as a critical turning point, alleviating concerns about potential delisting and reversing market sentiment. On August 20 of last month, KSPION was designated as an administrative issue due to failing to meet the minimum market capitalization requirement. On September 28, the last trading day before the listing, KSPION's closing price was 1,274 won. Based on this closing price, with the additional listing of over 10 million new shares, KSPION’s total market capitalization, reflecting the total number of listed shares (20,341,566), will immediately rise to approximately 26 billion won.

The new largest shareholder, ‘Pureun Sobujang New Technology Investment Association No. 3,’ will register all newly allotted shares for mandatory holding with the Korea Securities Depository and will not be able to dispose of them for one year, from the listing date until September 28, 2027.

A representative of KSPION stated, “Through large-scale fundraising and the listing of new shares, we have greatly surpassed the market capitalization requirement, providing a meaningful inflection point that can dispel market concerns about delisting. We will devote all efforts to enhancing shareholder value by rapidly and concretely pursuing new businesses that are drawing market attention, such as Agentic AI.”

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