L&C Bio has been designated as an overheated short-selling stock, and short selling of its shares will be banned for one day on the 12th.

According to the Korea Exchange on the 8th, L&C Bio was designated as an overheated short-selling stock under Article 9-2 of the KOSDAQ Market Business Regulations and Article 8-5 of the enforcement details of the same regulations. Accordingly, short selling of L&C Bio will be banned in both the regular market and after-hours market on the 12th.

In principle, short selling transactions may resume the day after the designation date. However, if the stock price falls by 5% or more on the day of the ban, the prohibition period will be extended.

Certain exceptions are allowed. Liquidity-providing quotes and market-making quotes in the stock market, quotes for hedging transactions aimed at providing liquidity for ELW, ETF, and ETN products, and quotes for hedging transactions for market-making in the derivatives market are excluded from the short-selling ban.

In addition, if trading of the designated stock is suspended on the date of the overheated short-selling stock designation, no separate market measures will be applied as a result of the designation.