Nexth to Fully Acquire One Store as Wholly Owned Subsidiary... Unifying Distribution, Payments, and On-Chain Operations

Securing Remaining Shares Through Share Exchange
Aiming for a Global Game Platform

On September 29, Nexth announced that its board of directors had resolved to conduct a comprehensive share exchange to make One Store its wholly owned subsidiary.

Nexuss Corporate Identity (CI). Provided by Nexuss

The shares subject to exchange represent 3.63% of One Store, currently held by minority shareholders. Nexth currently holds 95.88% of One Store's shares.

One Store plans to retire its treasury shares prior to the exchange date. Once the procedure is completed, Nexth will hold 100% ownership of One Store.

The maximum number of new shares to be issued by Nexth to existing One Store shareholders through the exchange will be 1,402,566 shares, which will be subject to a one-year trading restriction. The exchange ratio is set at 1.6999445 Nexth common shares per one One Store common share, with a per-share value of 3,065 won.

The share purchase request period will run from October 29 to November 18, with the share exchange taking effect on December 8. The new exchange shares are scheduled to be listed on December 28.

Nexth explained that making One Store a wholly owned subsidiary is aimed at enhancing management efficiency, unifying the decision-making system, creating business synergies, ensuring transaction transparency, reducing costs, and improving liquidity for minority shareholders.

Jang Hyun-guk, CEO of Nexth, stated, "One Store is the central piece in the larger puzzle of our AI·blockchain-based game platform. By integrating Nexth's AI·blockchain infrastructure with One Store's app distribution and payment capabilities, we aim to build a platform where global game distribution, payments, and on-chain infrastructure are realized within a single structure."

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