Skonec Entertainment

276040 · KOSDAQ · Information Technology · SMALL CAP

Disclosure

Skonec Entertainment withdrew its March 24, 2026 board resolution for a US$2.23M third-party rights offering to its largest shareholder, Geullometa Co., Ltd., after the allottee failed to pay the subscription amount despite repeated deadline extensions and did not respond to the Company's payment inquiry.

Capital raise(Disclosure)· FILED 2026-10-02· RCEPT 20261002900832

What happened

Other Material Management Matter

1. Reason for submission: Withdrawal of material event report (rights offering)

2. Key details

1. Details of withdrawal a. Type and number of new shares: 6,000,000 registered common shares (originally 4,354,136 shares) b. Method of issuance: Third-party allotment capital increase c. Planned issuance amount: KRW 3,000,000,000 (originally KRW 2,999,999,704) d. Purpose of fundraising: Working capital e. Date of initial board resolution: March 24, 2026 f. Allottee: Geullometa Co., Ltd. (largest shareholder) g. Final scheduled payment date before withdrawal: October 6, 2026

2. Reason for withdrawal The Company resolved at its board meeting on March 24, 2026 to carry out a third-party allotment rights offering to its largest shareholder, Geullometa Co., Ltd., to raise working capital. However, even though the payment date was postponed for about six months from the original scheduled payment date of April 7, 2026, the allottee did not pay the subscription amount. In addition, the Company sent an official letter on July 7, 2026 requesting a reply on whether and when payment would be made, but received no reply even after the reply deadline of July 17, 2026. Having concluded that normal payment by the allottee could no longer be reasonably expected, and also taking into account the change in fundraising conditions following the September 23, 2026 application for commencement of rehabilitation proceedings, the Company decided to withdraw this rights offering. This is intended to remove the market uncertainty that has persisted over the long period regarding whether the rights offering would proceed.

3. Date of decision (occurrence): 2026-10-02

4. Other matters for reference in investment decisions a. The above date of decision (occurrence) is the date of the board resolution approving the withdrawal of this rights offering. b. As a result of the withdrawal of this rights offering, the previously disclosed plans for new share issuance, fundraising, and new share listing are cancelled.

Filed2026-10-02, Disclosure
SourceDART rcept 20261002900832 → open original filing

Source: DART. Information only, not investment advice.

For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-10-02 (KST). · Converted at 1 USD ≈ ₩1,325 (rate of 2026-10-21).