Samsung Electronics has become the largest shareholder of Rainbow Robotics, and the stock price of Rainbow Robotics surged the day before. Some investors suspected that information might have leaked in advance.
According to the Korea Exchange on the 31st, the closing price of Rainbow Robotics the day before was 162,700 won. In just one day, the stock price rose by 21,500 won (15.23%). This marked the first time that Rainbow Robotics' stock price exceeded 160,000 won since July.
On this day, Samsung Electronics announced that it would exercise call options (the right to purchase at a pre-determined price) on the shares held by the largest shareholders of Rainbow Robotics and related parties. Samsung Electronics' existing stake in Rainbow Robotics was 14.7%, but once the transfer transaction resulting from the exercise of call options is completed in February 2025, the stake will increase to 35%. This implies that Rainbow Robotics will be incorporated as a subsidiary of Samsung Electronics.
Some skepticism arises about whether the sudden surge in Rainbow Robotics' stock price, just before such favorable announcements, was due to prior disclosure of related information. The day before, individual investors net sold 29.1 billion won worth of Rainbow Robotics shares, while foreign and institutional investors net bought 23.5 billion won and 6.7 billion won, respectively.
Shareholders holding Rainbow Robotics stocks were filled with expectations that it would become 'Samsung Robotics.' Shareholders expressed in the discussion forum, "If it becomes Samsung Robotics, overseas sales will also increase," and "Rainbow Robotics will surpass Alteogen and become the top market cap on the KOSDAQ."
Samsung Electronics also holds additional call option equity. Exercising the call options on the 4.58 million shares held by the largest shareholders of Rainbow Robotics and related parties will raise its ownership stake to about 59%. The expiration date for the call options is known to be in February 2029.