M2N says largest shareholder share-collateral contract ends after repayment

• M2N issued a correction, citing termination and repayment of an existing share-pledge contract that could trigger a change in largest shareholder.
• Revised figures show the maximum shareholder would hold 1,859,954 shares, or 4.65%, if all pledged shares were enforced.
• Total debt tied to the pledges was revised to KRW 9.15 billion, with total collateral set at KRW 13.42 billion.
• Cumulative pledge contracts fell to 8 from 9, with total pledged shares reduced to 6,543,007 from 7,026,319.
• The contract date for the disclosure was updated to Sept. 30, 2026, from Sept. 22, 2026.

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. M2N Co. Ltd. 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: 20260930901217), on September 30, 2026, and is solely responsible for the information contained therein.