What happened
GemVax & Kael's largest shareholder (Gem & Company Co., Ltd.) pledged shares as loan collateral to a financial company, securing up to US$47.7M.
If the collateral is enforced, the largest shareholder's stake, and with it, control of the company, could change.
| Largest shareholder | Gem & Company Co., Ltd. |
|---|---|
| Current stake | 12.35% |
| Loan secured | US$47.7M |
| Stake if enforced | 2.26% |
| Filed | 2026-03-31, [Amended] Share-pledge agreement that may change the largest shareholder |
| Source | DART rcept 20260331904767 → open original filing |
Source: DART. Information only, not investment advice.