Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
ISU PETASYS has officially cancelled its plan to acquire JEIO shares worth KRW 257.8B (both old and new shares), following a notice of contract termination served to the sellers due to their breach of contractual obligations.
📊 [Key Disclosure Details & Financial Summary]
- Reason for Amendment: Cancellation of the decision to acquire shares and equity securities of another corporation due to SPA termination.
- Details of Amendment: Notice of termination of the Share Purchase Agreement (SPA) sent to the sellers on January 23, 2025, due to non-performance of contractual obligations by the sellers, resulting in the withdrawal of the share acquisition decision.
- Originally Planned Acquisition Details (Cancelled):
- Issuer: JEIO Co., Ltd.
- Share Purchase Agreement (Old Shares): 5,750,000 Common Shares / KRW 158.125B (KRW 158,125,000,000)
- Third-Party Paid-in Capital Increase (New Shares): 5,460,000 Common Shares / KRW 99.69414B (KRW 99,694,140,000)
- Total Acquisition Amount: KRW 257.81914B (KRW 257,819,140,000)
- Return of Down Payment:
- The company has requested the return of the prepaid down payment (KRW 15,812,500,000).
- Necessary measures, such as filing a lawsuit for the return of the down payment, will be taken if necessary.
- Other Notes:
- This disclosure serves as the finalized disclosure regarding the unconfirmed response disclosure filed on December 03, 2024.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Cancellation of JEIO Share Acquisition Decision and Status of Down Payment Refund
The company served notice of contract termination due to seller defaults and officially withdrew its decision to acquire JEIO shares. Monitoring subsequent disclosures regarding the cancelled acquisition plan and the status of the down payment refund is important to confirm the final transaction status. Further details can be tracked through future periodic filings and related disclosures.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on official filing data from the Financial Supervisory Service DART system.
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