Moadata clarifies use of KRW 2 billion third-party share sale proceeds for working capital
Bitget2026/09/29 06:19- Moadata revised its third-party paid-in capital increase filing to clarify investor selection rationale and the specific use of proceeds.
- Proceeds of KRW 1.999999782 billion were earmarked entirely for working capital in 2026, replacing a prior split across 2026-2027.
- The allottee remained Honors No.2 Investment Association, set to receive 3,795,066 common shares.
- The issue price was KRW 527 per share, implying a 104.50% premium to the KRW 257 reference price.
- Payment was scheduled for Oct. 6, 2026; listing was set for Oct. 23, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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