DKME Changes Target of 15 Billion Won Paid-In Capital Increase... Changes in Management Rights Become 'Visible'

DKME (formerly KIB Plug Energy) has heavily revised its large-scale financing plan for management normalization, foreshadowing a change in its largest shareholder.

According to DKME's corrected disclosure on the 22nd, the size of the initially planned third-party allotment paid-in capital increase has been increased by 50% from the previous 10 billion won to 15 billion won. This capital increase is being conducted entirely for the purpose of securing operating funds.

The biggest change is the alteration of the target for the new share allotment. The original target, 'Quantum Wealth Management LLC', was excluded, and the position was filled by Deokyang Energen and Wolf. The two corporations will invest 7.5 billion won each for a total of 15 billion won, and will be allotted 3 million new shares each (a total of 6 million shares)

The issuance price per share was changed from the previous 500 won to 2,500 won. This is an adjustment following the recently executed 5-to-1 reverse stock split. Hanbit Accounting Corporation, an external evaluation institution, evaluated DKME's per-share value at 2,600 won (520 won before the split), and the issuance price was determined at a level approximately 3.8% lower than this, securing appropriateness.

The company stated that the stock transfer agreement transaction, which entails a change in the largest shareholder, is scheduled to close in line with the payment date for this capital increase, May 11, 2026. The new shares issued through this paid-in capital increase will be locked up for 1 year in accordance with resale restriction measures. It is also notable that the lock-up period, which was originally 3 years, has been shortened to 1 year.

A DKME official explained, "The funds raised this time will be injected into strengthening the competitiveness of the company's main business, such as operating the chemical engineering solution business," adding, "The schedule may change depending on consultations with relevant authorities."

Market attention is focused on whether DKME, whose stock trading is currently suspended due to the occurrence of grounds for a substantive review of listing eligibility, can lay the groundwork for resuming trading through this large-scale influx of funds and change in the largest shareholder.