New Risk • Jun 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩14b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩14b free cash flow). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (₩6.9b revenue, or US$4.6m). Market cap is less than US$100m (₩47.2b market cap, or US$31.3m). New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (₩6.0b revenue, or US$4.0m). Market cap is less than US$100m (₩45.4b market cap, or US$30.1m). Annonce • Apr 02
NanoSilikhan Advanced Materials Co., Ltd. announced that it has received KRW 5.5 billion in funding from Gluon Fixed-Income Investment Discretionary On March 31, 2026, NanoSilikhan Advanced Materials Co., Ltd. has closed the transaction. Annonce • Mar 13
NanoSilikhan Advanced Materials Co., Ltd. announced that it expects to receive KRW 5.5 billion in funding from Gluon Fixed-Income Investment Discretionary NanoSilikhan Advanced Materials Co., Ltd. announced a private placement of Bearer Convertible Bonds with Unsecured Warrants of the company to raise gross proceeds of KRW 5,500,000,000 on March 12, 2026. The transaction involves returning investor participation of Gluon Fixed-Income Investment Discretionary for KRW 5,500,000,000. The Bonds are 100% convertible into 3,878,702 common shares of the company at a conversion price value of KRW 1,418 and carry interest rate of 6.5% and maturity interest rate of 6.5%. The conversion billing period starts from March 31, 2027 to February 28, 2029.The transaction has been approved by the board of directors of the company. The Bonds have a maturity date of March 31, 2029. The transaction is expected to close on March 31, 2026. Annonce • Mar 07
NanoSilikhan Advanced Materials Co., Ltd., Annual General Meeting, Mar 26, 2026 NanoSilikhan Advanced Materials Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 68, sandan-ro 52beon-gil, gyeonggi-do, pyeongtaek South Korea New Risk • Jan 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₩4.6b revenue, or US$3.1m). Market cap is less than US$100m (₩52.5b market cap, or US$35.7m). New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 5.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₩4.6b revenue, or US$3.1m). Market cap is less than US$100m (₩46.5b market cap, or US$31.7m). Annonce • Nov 26
NanoSilikhan Advanced Materials Co., Ltd. announced that it has received KRW 8.000994294 billion in funding On November 25, 2025, NanoSilikhan Advanced Materials Co., Ltd. closed the transaction, The company announced that it has issued 4,768,173 shares at an issue price of KRW 1,678 per share for gross proceeds of KRW 8,000,994,294. Annonce • Sep 25
Silicon Co., Ltd. acquired 3.81% stake in NanoSilikhan Advanced Materials Co., Ltd. (KOSDAQ:A286750) from Dream Castle Co. for KRW 2.1 billion. Silicon Co., Ltd. acquired 3.81% stake in NanoSilikhan Advanced Materials Co., Ltd. (KOSDAQ:A286750) from Dream Castle Co. for KRW 2.1 billion on September 22, 2025. A cash consideration of KRW 2.1 billion valued at KRW 2024 per share will be paid by Silicon Co., Ltd. As part of consideration, KRW 2.1 billion is paid towards common equity of NanoSilikhan Advanced Materials Co., Ltd.
Silicon Co., Ltd. completed the acquisition of 3.81% stake in NanoSilikhan Advanced Materials Co., Ltd. (KOSDAQ:A286750) from Dream Castle Co. on September 22, 2025. New Risk • Aug 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₩2.5b revenue, or US$1.8m). Market cap is less than US$100m (₩49.0b market cap, or US$35.4m). Board Change • Jul 23
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Inside Director Sunggyu Park is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 24
Dream Castle Construction Co., Ltd and Sungshin 2nd Fund cancelled the acquisition of 9.46% stake in NANOBRICK Co., Ltd. (KOSDAQ:A286750) from Joo Jaehyun. Dream Castle Construction Co., Ltd and Sungshin 2nd Fund agreed to acquire 9.46% stake in NANOBRICK Co., Ltd. (KOSDAQ:A286750) from Joo Jaehyun for KRW 10 billion on December 10, 2024. A cash consideration of KRW 10 billion valued at KRW 4916 per share will be paid by Dream Castle Construction Co., Ltd. As part of consideration, KRW 1 billion is paid as deposit on December 10, 2024 and balance payment of KRW 9 billion payable on January 22, 2025. For the period ending December 31, 2023, NANOBRICK Co., Ltd. reported net income of KRW 716 million. As of December 31, 2023, NANOBRICK Co., Ltd. reported total debt of KRW 1.59 billion and total assets of KRW 49.28 billion. The expected completion of the transaction is January 22, 2025. As of January 21, 2025, The transaction is now expected to close on January 24, 2025. The remaining consideration of KRW 9 billion will now be payable on the closing date. As of January 24, 2025, the transaction is now expected to close on April 23, 2025.
Dream Castle Construction Co., Ltd and Sungshin 2nd Fund cancelled the acquisition of 9.46% stake in NANOBRICK Co., Ltd. (KOSDAQ:A286750) from Joo Jaehyun on April 23, 2025. Annonce • Apr 22
NANOBRICK Co., Ltd. announced that it has received KRW 8.3 billion in funding from Gluon Fixed-Income Investment Discretionary On April 21, 2025 NANOBRICK Co., Ltd. closed the transaction. New Risk • Mar 25
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₩5.3b (US$3.6m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Revenue is less than US$5m (₩5.3b revenue, or US$3.6m). Market cap is less than US$100m (₩54.9b market cap, or US$37.4m). Annonce • Mar 05
NANOBRICK Co., Ltd., Annual General Meeting, Mar 28, 2025 NANOBRICK Co., Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 68, sandan-ro 52beon-gil, gyeonggi-do, pyeongtaek South Korea Annonce • Feb 07
NANOBRICK Co., Ltd. announced that it expects to receive KRW 9.99999808 billion in funding NANOBRICK Co., Ltd. announced a private placement of 4,310,344 common shares at a price of KRW 2,320 for gross proceeds of KRW 9,999,998,080 on February 6, 2025. The transaction includes participation from individual investor, Choi Jae Kwon . The transaction has been approved by the board of directors of the company. The payment date of the transaction is May 26, 2025. The transaction is subject to full lockup for 1 year. The company will issue shares of par value of KRW 500 per share through third party allocation capital increase method. Annonce • Dec 12
NANOBRICK Co., Ltd. announced that it expects to receive KRW 9.999998196 billion in funding from Dream Castle Construction Co., Ltd NANOBRICK Co., Ltd. announced a private placement of 6,761,324 common shares at a price of KRW 1,479 for gross proceeds of KRW 9,999,998,196 on December 10, 2024. The transaction includes participation from new investor, Dream Castle Construction Co., Ltd. subscribed for 3,718,728 shares, Sungshin No. 1 Fund subscribed for 1,690,331 shares and Sungshin No. 2 Fund subscribed for 1,352,265 shares. .The transaction has been approved by the board of directors of the company. The payment date of the transaction is December 19, 2024. The issuance is subject to full lock up for 1 year. Annonce • Dec 02
NANOBRICK Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999 million. NANOBRICK Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 819,000
Price\Range: KRW 1221
Transaction Features: Subsequent Direct Listing Annonce • Nov 21
NANOBRICK Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.999 million. NANOBRICK Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.999 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 819,000
Price\Range: KRW 1221
Transaction Features: Subsequent Direct Listing Annonce • Nov 12
Gemtech Co.,Ltd, Hanyang Partners No. 1 Fund and Hwain Crew Partners Co., Ltd. cancelled the acquisition of 11.80% stake in NANOBRICK Co., Ltd. (KOSDAQ:A286750) from Joo Jaehyun for KRW 12 billion. Gemtech Co.,Ltd, Hanyang Partners No. 1 Fund and Hwain Crew Partners Co., Ltd. agreed to acquire 11.80% stake in NANOBRICK Co., Ltd. (KOSDAQ:A286750) from Joo Jaehyun for KRW 12 billion on August 22, 2024. A cash consideration valued at KRW 4,916 per share will be paid by Hanyang Partners No. 1 Fund. The expected completion of the transaction is October 16, 2024. As of October 15, 2024, the extraordinary general meeting of shareholders is scheduled to be held on November 13, 2024. As per the Payment Schedule and Terms (i) Contract Deposit: KRW 1,800,000,000 is paid on August 22, 2024, and (ii) Balance: KRW 10,200,595,080 will be made on November 13, 2024. The transaction closing date will be the date of the next extraordinary general meeting of shareholders or another date agreed upon by the parties.
Gemtech Co.,Ltd, Hanyang Partners No. 1 Fund and Hwain Crew Partners Co., Ltd. cancelled the acquisition of 11.80% stake in NANOBRICK Co., Ltd. (KOSDAQ:A286750) from Joo Jaehyun for KRW 12 billion on November 11, 2024. As payment was not made by the deadline, the stock purchase agreement is hereby withdrawn by a resolution of the board of directors. New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩38.3b market cap, or US$28.1m). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩134 (vs ₩49.00 loss in 1Q 2023) First quarter 2024 results: EPS: ₩134 (up from ₩49.00 loss in 1Q 2023). Revenue: ₩3.78b (up 358% from 1Q 2023). Net income: ₩2.78b (up ₩3.79b from 1Q 2023). Profit margin: 74% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in South Korea. Reported Earnings • Mar 21
Full year 2023 earnings released: ₩304 loss per share (vs ₩121 loss in FY 2022) Full year 2023 results: ₩304 loss per share (further deteriorated from ₩121 loss in FY 2022). Revenue: ₩6.46b (down 9.5% from FY 2022). Net loss: ₩6.28b (loss widened 162% from FY 2022). Revenue is forecast to grow 66% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in South Korea. Is New 90 Day High Low • Dec 09
New 90-day low: ₩17,400 The company is down 16% from its price of ₩20,800 on 10 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period.