Jinwon Life Science has decided on a third-party placement capital increase amounting to 15 billion won. Upon completion of the capital increase, the largest shareholder will change to the Revolt Investment Fund.

On the 4th, Jinwon Life Science announced that it held a board meeting and decided on a third-party placement capital increase totaling 15 billion won.

Issue Size and Schedule

The new shares to be issued in this capital increase consist of 6,224,066 common shares, with an issue price of 2,410 won per share. The payment date is September 30, and the scheduled listing date for the new shares is October 16.

Use of Proceeds

The total 15 billion won raised consists of 13.1 billion won in operating funds and 1.9 billion won in debt repayment funds. Of the operating funds, 7 billion won will be lent for VGXI plant operating expenses, and 6.1 billion won will be allocated to headquarters operating expenses. The 1.9 billion won in debt repayment funds will be used to repay borrowings from Sangsangin Savings Bank.

Allocation Target and Purpose

The capital increase will be conducted via a third-party placement method, with the Revolt Investment Fund as the allocation target. The Revolt Investment Fund will be allocated all 6,224,066 new shares, and the allocated shares will be placed under lock-up for one year.

Regarding the purpose of the third-party placement, the company stated that it is "to swiftly raise operating funds to achieve corporate management objectives, including the improvement of its financial structure, in accordance with Article 418, Paragraph 2 of the Commercial Act."

Expected Change of Largest Shareholder

Upon completion of the capital increase, the largest shareholder will change from the existing largest shareholder, Companion Growth Investment Fund No. 1 (stake: 8.49%), to the Revolt Investment Fund (stake: 25.51%).

Background on Issue Price Determination

The new share issue price was set at 2,410 won, a 10% discount to the base share price of 2,670 won. The company explained that the base share price of 2,670 won was calculated by applying the stock consolidation ratio to the closing price of 534 won on June 24, 2026, just prior to the trading suspension, reflecting the situation in which trading had been suspended following a 5-to-1 reverse stock split.

Overview of Revolt Investment Fund

The Revolt Investment Fund is an investment fund established on July 29, 2026. The company stated that since the fund was only recently established, its financial statements have not yet been prepared.