Autonomous Driving solution corporations Clobot plunged more than 17% early on the 6th. Investor sentiment appears to have weakened on news, announced the previous transaction day, of a rights offering decision worth 200 billion won.
As of 9:30 a.m. that day, Clobot was trading on the KOSDAQ market at 42,700 won, down 88,000 won (17.09%) from the previous transaction day.
According to the Financial Supervisory Service's electronic disclosure system, Clobot disclosed that on the 3rd, after the regular session closed, it decided on a rights offering to newly issue 5,494,500 common shares.
The method is a shareholder allotment with a general public offering of forfeited shares after giving priority to existing shareholders.
The planned issue price is 36,400 won, and the funds to be raised through the rights offering total about 200 billion won. According to the disclosure, of the funds raised through this offering, 37.6 billion won will be used as operating funds and 162.3 billion won will be used to acquire other corporations' securities.
Regarding the rights offering, Clobot said it is "not a simple fundraising, but a process of laying the groundwork for Clobot to evolve into a platform corporations based on its proven business model to date, compete in the global market, and secure its position in core areas."