NUVOTEC Plans 1-for-5 Reverse Stock Split

Bitget2026/10/16 06:06

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NUVOTEC plans a 1-for-5 share consolidation, reducing outstanding common shares from 13,342,356 to 2,668,471.
Par value will rise from KRW 500 to KRW 2,500 per share.
The consolidation takes effect Dec. 29, 2026, subject to shareholder approval on Nov. 24, 2026.
Trading will be suspended from Dec. 24, 2026, through Jan. 18, 2027; consolidated shares are scheduled to list Jan. 19, 2027.
The move aims to stabilize the share price by maintaining an appropriate number of tradable shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NUVOTEC Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261016900444), on October 16, 2026, and is solely responsible for the information contained therein.

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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NUVOTEC Plans 1-for-5 Reverse Stock Split

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