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SOLiD Subsidiary SOLiD GEAR Cuts Capital by USD 27.9 Million to USD 200,000

PUBT·10/27/2026 09:14:05
SOLiD Subsidiary SOLiD GEAR Cuts Capital by USD 27.9 Million to USD 200,000
  • SOLiD’s wholly owned subsidiary SOLiD GEAR will reduce its capital by 99.29% as part of a restructuring to improve operating efficiency.
  • Capital will fall from USD 28.1 million to USD 200,000.
  • The reduction will cancel 27,900,000 common shares, leaving 200,000 shares outstanding.
  • Consideration of USD 27.9 million will be returned in kind.
  • Final approval was granted October 26, 2026; completion is scheduled for December 14, 2026, subject to regulatory procedures.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SOLiD Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261027900672), on October 27, 2026, and is solely responsible for the information contained therein.