Unison Decides 5-to-1 Stock Consolidation... New Shares Effective October 1st

Unison (018000), a specialized wind power company, announced on July 23, 2026, its decision to consolidate shares at a 5-to-1 ratio. The stock par value will increase from 500 won to 2,500 won per share, reducing the total issued shares from 259,498,284 to 51,899,656. The shareholder meeting is scheduled for September 15, 2026, with new shares taking effect on October 1, 2026. Trading will be halted from September 29 to October 21, 2026, with new shares expected to debut on October 22. The consolidation aims to stabilize the stock price and enhance corporate value, with fractional shares to be cash-settled based on the closing price on the first day of trading. The decision, approved by the board on July 23, 2026, includes two independent directors and the auditor. This is a capital-neutral consolidation maintaining corporate value, with potential adjustments to issued shares based on the proxy statement outcome. Unison's December 2025 consolidated financials show total assets of 255.8 billion won, liabilities of 150.1 billion won, equity of 105.7 billion won, revenue of 40.3 billion won, an operating loss of 9.5 billion won, and a net loss of 20.9 billion won. Listed on KOSDAQ since January 10, 1996, the company operates in general-purpose machinery manufacturing. The stock closed at 857 won on July 23, 2026, up 24 won (+2.88%) from the previous day.