Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Outside Director YeonOk Kwon was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 01
Xplus Inc. announced that it has received KRW 4.0009995 billion in funding On April 29, 2026, Xplus Inc. closed the transaction. New Risk • Feb 23
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 11% 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 Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (₩98.6b market cap, or US$68.3m). Annuncio • Jul 11
Xplus Inc. announced that it has received KRW 4.999999549 billion in funding On July 10, 2025, Xplus Inc. closed the transaction. Annuncio • Jul 10
Xplus Inc. announced that it expects to receive KRW 4.999999641 billion in funding Xplus Inc. announced a private placement to issue 7,849,293 shares at an issue price of KRW 637 per share for gross proceeds of KRW 4,999,999,641 on July 9, 2025. The transaction will include participation from new investor X Fund No. 1. The transaction has been approved by shareholders, expected to close on October 30, 2025, restricted to a hold period. New Risk • May 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% 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 No financial data reported. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩80.5b market cap, or US$56.6m). New Risk • Apr 22
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 9.4% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₩69.5b market cap, or US$48.8m). Annuncio • Apr 11
Xplus Inc. announced that it has received KRW 15 billion in funding On April 10, 2025. Xplus Inc. has closed the transaction. New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₩68.0b market cap, or US$46.3m). Annuncio • Mar 25
Xplus Inc. announced that it expects to receive KRW 15 billion in funding Xplus Inc. announced a private placement of series 5 anonymous unsecured convertible bonds for the gross proceeds of KRW 15,000,000,000 on March 24, 2025. The bonds will have a coupon rate of 2% and a maturity rate of 7%. The bonds will be convertible into 15,000,000,000 shares at a conversion price of KRW 780 per share. The bonds will be matured on April 2, 2028. The transaction will include participation from K2K Entertainment Co., Ltd. The transaction has been approved by the shareholders of the company and is expected to close on April 2, 2025. Annuncio • Mar 19
Xplus Inc. announced that it expects to receive KRW 4.999999549 billion in funding Xplus Inc. announced a private placement to issue 9,140,767 shares at an issue price of KRW 547 per share for gross proceeds of KRW 4,999,999,549 on March 18, 2025. The transaction will include participation from new investor K2K Entertainment. The transaction has been approved by shareholders, restricted to a hold period, expected to close on April 30, 2025 Annuncio • Feb 27
Xplus Inc. (KOSDAQ:A373200) completed the acquisition of 70% stake in Perple Corporation Ltd from Xperix Inc. (KOSDAQ:A317770) for KRW 5.8 billion.. Xplus Inc. (KOSDAQ:A373200) agreed to acquire 70% stake in Perple Corporation Ltd from Xperix Inc. (KOSDAQ:A317770) for KRW 5.8 billion on February 25, 2025. A cash consideration of KRW 5.84 billion will be paid by Xplus Inc. As part of consideration, KRW 5.84 billion is paid towards common equity of Perple Corporation Ltd. The expected completion of the transaction is February 25, 2025.
Xplus Inc. (KOSDAQ:A373200) completed the acquisition of 70% stake in Perple Corporation Ltd from Xperix Inc. (KOSDAQ:A317770) on February 25, 2025. Annuncio • Feb 26
Xplus Inc. (KOSDAQ:A373200) completed the acquisition of XAM Inc. from Xperix Inc. (KOSDAQ:A317770) for KRW 9.8 billion. Xplus Inc. (KOSDAQ:A373200) acquired XAM Inc. from Xperix Inc. (KOSDAQ:A317770) for KRW 9.8 billion on February 25, 2025. A cash consideration of KRW 9.81 billion will be paid by Xplus Inc. As part of consideration, KRW 9.81 billion is paid towards common equity of XAM Inc.
Xplus Inc. (KOSDAQ:A373200) completed the acquisition of XAM Inc. from Xperix Inc. (KOSDAQ:A317770) for KRW 9.8 billion on February 25, 2025. New Risk • Feb 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor 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 Risk Revenue has declined by 33% over the past year. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₩52.3b market cap, or US$36.5m). Annuncio • Feb 12
Xplus Inc., Annual General Meeting, Mar 26, 2025 Xplus Inc., Annual General Meeting, Mar 26, 2025, at 08:00 Tokyo Standard Time. Location: seminar room, 201, songpa-daero, songpa-gu, seoul South Korea New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Market cap is less than US$100m (₩47.2b market cap, or US$32.9m). Annuncio • Dec 06
Xplus Inc. announced that it expects to receive KRW 9.499999761 billion in funding from Orbitech Co., Ltd. Xplus Inc. announced a private placement to issue 17,304,189 shares at an issue price of KRW 549 per share for the gross proceeds of KRW 9,499,999,761 on December 5, 2024. The transaction will include participation from new investor Orbitech Co., Ltd. The transaction has been approved by shareholders and is expected to close on December 17, 2024. The company has disclosed the pre transaction of 17.71% and 20.17% stake post acquisition owned in company. Reported Earnings • Nov 11
Third quarter 2023 earnings released: ₩3.29 loss per share (vs ₩8.49 profit in 3Q 2022) Third quarter 2023 results: ₩3.29 loss per share (down from ₩8.49 profit in 3Q 2022). Revenue: ₩3.34b (down 57% from 3Q 2022). Net loss: ₩253.3m (down 139% from profit in 3Q 2022). New Risk • Aug 05
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue has declined by 33% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₩82.1b market cap, or US$60.2m). New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue has declined by 33% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (₩107.2b market cap, or US$77.5m). Annuncio • Apr 24
IBKS No.15 Special Purpose Acquisition Company announced that it expects to receive KRW 17.999999394 billion in funding IBKS No.15 Special Purpose Acquisition Company announced a private placement of 14,218,009 common shares at the price of KRW 1,266 per share for gross proceeds of KRW 17,999,999,394 on April 23, 2024. The transaction will include participation from new investors SB Association 1 for 7,898,894 shares, and Selector Co., Ltd. for 6,319,115 shares. The company will issue shares of par value of KRW 1,266 per share through third party allocation capital increase method. The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 75,705,657 shares to 89,923,666 shares. The transaction has been approved by board of directors of the company. The payment date for the transaction is June 14, 2024. New Risk • Feb 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Revenue has declined by 33% over the past year. Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (₩93.1b market cap, or US$69.8m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.5%). Reported Earnings • Dec 02
Third quarter 2023 earnings released: ₩28.00 loss per share (vs ₩34.00 profit in 3Q 2022) Third quarter 2023 results: ₩28.00 loss per share (down from ₩34.00 profit in 3Q 2022). Revenue: ₩3.35b (down 57% from 3Q 2022). Net loss: ₩538.3m (down 184% from profit in 3Q 2022). New Risk • Oct 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (₩114.5b market cap, or US$84.5m). Reported Earnings • Sep 01
Second quarter 2023 earnings released: ₩73.00 loss per share (vs ₩3.00 loss in 2Q 2022) Second quarter 2023 results: ₩73.00 loss per share (further deteriorated from ₩3.00 loss in 2Q 2022). Revenue: ₩1.98b (up 2.2% from 2Q 2022). Net loss: ₩1.39b (loss widened ₩1.34b from 2Q 2022). New Risk • Jun 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩119.1b market cap, or US$91.1m). Reported Earnings • Jun 02
First quarter 2023 earnings released: ₩6.00 loss per share (vs ₩118 loss in 1Q 2022) First quarter 2023 results: ₩6.00 loss per share (improved from ₩118 loss in 1Q 2022). Revenue: ₩2.68b (down 31% from 1Q 2022). Net loss: ₩113.6m (loss narrowed 95% from 1Q 2022). Annuncio • Feb 27
IBKS No.15 Special Purpose Acquisition Company has completed an IPO in the amount of KRW 6.4 billion. IBKS No.15 Special Purpose Acquisition Company has completed an IPO in the amount of KRW 6.4 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,200,000
Price\Range: KRW 2000
Transaction Features: Blank Check Blind Pool Company 