Initech Says Largest Shareholder’s Share Pledge Runs Through Dec. 31, 2026

Initech corrected its share-pledge disclosure, extending the collateral period to Dec. 31, 2026, from Oct. 15, 2026. The largest shareholder pledged 4,036,771 shares, representing a 20.4% stake, to secure KRW 21.3 billion in borrowings. Full enforcement of the pledge would reduce the shareholder’s stake to zero, potentially changing control. 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. Initech 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: 20261015900684), on October 15, 2026, and is solely responsible for the information contained therein. (C)