Kostak listed company Bitmax raises operating funds through a paid capital increase of approximately 80 billion won. The company plans to issue new shares through a third-party allocation to raise funds.
On December 19, Bitmax announced through a notice that it will issue 4,705,882 shares of common stock to Satoshi Holdings. The issue price is 1,700 won per share, with a total amount raised of approximately 80 billion won. This new share issuance will be conducted through a third-party allocation, and existing shareholders will inevitably experience some degree of dilution.
The new share allocation target Satoshi Holdings is reportedly a co-investor in Bitmax's largest shareholder Meta Platform's portfolio. Analysts point out that this move essentially has the nature of expanding friendly shareholding in operational rights and can also be interpreted as aimed at strengthening the control of the largest shareholder.
Bitmax will use the funds raised through this capital increase for future operating capital and overall business activities. Recently, there have been continuous cases of small and medium-sized IT companies or blockchain-based enterprises conducting paid capital increases to raise operating funds, enter new businesses, and improve financial structures.
The financial investment community believes that announcements of paid capital increases by companies may trigger cautious sentiments among investors. Especially compared to external investors, if aimed at related parties, it directly relates to management rights issues, which may lead to increased stock price volatility. However, if the use of funds is clear and the growth strategy is well-defined, it may also receive positive evaluations.
This trend is interpreted as actions taken by small and medium-sized listed companies to ensure liquidity in advance amid economic slowdown and high interest rate environments. Related industries may continue to engage in structural capital raising in the future.