Aankondiging • Apr 21
Widwin Investment Fund 91 managed by Widwin Investment Co., Ltd. and Skyhammer No.1 Fund agreed to acquire 24.70% stake in Rnt-X Co.,Ltd. (KOSDAQ:A123010) from RN2 Technologies Co., Ltd. (KOSDAQ:A148250) for KRW 14.9 billion. Widwin Investment Fund 91 managed by Widwin Investment Co., Ltd. and Skyhammer No.1 Fund agreed to acquire 24.70% stake in Rnt-X Co.,Ltd. (KOSDAQ:A123010) from RN2 Technologies Co., Ltd. (KOSDAQ:A148250) for KRW 14.9 billion on April 20, 2026. A cash consideration valued at KRW 1850 per share will be paid by Widwin Investment Fund 91, Widwin Investment Co., Ltd. and Skyhammer No.1 Fund.
The expected completion of the transaction is End of December. New Risk • Apr 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% 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 (17% average weekly change). Earnings have declined by 66% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩54.8b market cap, or US$37.3m). Aankondiging • Apr 01
RN2 Technologies Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.9978 million. RN2 Technologies Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.9978 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 421,940
Price\Range: KRW 2370
Transaction Features: Subsequent Direct Listing New Risk • Apr 01
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 14% 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 66% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (₩40.1b market cap, or US$26.6m). Aankondiging • Mar 17
RN2 Technologies Co., Ltd., Annual General Meeting, Mar 31, 2026 RN2 Technologies Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 11, dongtansandan9-gil, dongtan-myeon, gyoenggi-do, hwaseong South Korea Aankondiging • Mar 10
RN2 Technologies Co., Ltd. announced that it has received KRW 6 billion in funding from Baro Savings Bank On March 9,2026, RN2 Technologies Co., Ltd closed the transaction. Aankondiging • Feb 27
RN2 Technologies Co., Ltd. announced that it expects to receive KRW 5.99999737 billion in funding RN2 Technologies Co., Ltd. announced private placement to issue 2,087,682 common shares at an issue price of KRW 2,395 for gross proceeds of KRW 4,999,998,390 on February 25, 2026. The transaction includes participation from Cross No. 1 Fund. The company will issue shares by third party allotment. The shares are subject to restriction for 1 year. The transaction is approved by board of directors of the company and is expected to close on April 01, 2026.
On the same day the company announced it will issue 381,679 common shares at an issue price of KRW 2,620 for gross proceeds of KRW 999,998,980. The transaction includes participation from Captain Global Co., Ltd. The company will issue shares by third party allotment. The shares are subject to restriction for 1 year. The transaction is approved by board of directors of the company and is expected to close on April 1, 2026. Aankondiging • Feb 25
RN2 Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.99898 million. RN2 Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.99898 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 381,679
Price\Range: KRW 2620
Transaction Features: Subsequent Direct Listing New Risk • Feb 09
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 66% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩29.2b market cap, or US$19.9m). Aankondiging • Dec 16
RN2 Technologies Co., Ltd. (KOSDAQ:A148250), MJPE Investment Fund No. 1 and MH Fund entered into a Share Purchase Agreement to acquire 28.52% stake in iWIN PLUS CO.,LTD. (KOSDAQ:A123010) from iWIN CO.,LTD (KOSDAQ:A090150) for KRW 16.65 billion. RN2 Technologies Co., Ltd. (KOSDAQ:A148250), MJPE Investment Fund No. 1 and MH Fund entered into a Share Purchase Agreement to acquire 28.52% stake in iWIN PLUS CO.,LTD. (KOSDAQ:A123010) from iWIN CO.,LTD (KOSDAQ:A090150) for KRW 16.65 billion on December 15, 2025. A cash consideration of KRW 16.65 billion valued at KRW 1800 per share will be paid by RN2 Technologies Co., Ltd., MJPE Investment Fund No. 1 and MH Fund.
The expected completion of the transaction is January 9, 2026. Aankondiging • Nov 12
RN2 Technologies Co., Ltd. announced that it expects to receive KRW 10.9999962 billion in funding RN2 Technologies Co., Ltd announces a private placement to issue 1,797,385 common shares at a price of KRW 6,120 per share for gross proceeds of KRW 10,999,996,200 on November 10, 2025. Expected closing date of the offering is November 26, 2025. Aankondiging • Oct 17
RN2 Technologies Co., Ltd. announced that it expects to receive KRW 10 billion in funding RN2 Technologies Co., Ltd. announced a private placement to issue 1% Series 7 Unregistered Interest Unsecured Private Convertible Bonds due October 24, 2028 for gross proceeds of KRW 10,000,000,000 on October 16, 2025. The transaction will include participation from new investor MJP Fund No. 1. The transaction has been approved by shareholders, restricted to a hold period, expected to close on October 24, 2025, 100% convertible into 1,406,469 shares at an issue price of KRW 7,110 from October 24, 2026 to September 24, 2028, bears 1% coupon rate, 4% maturity rate, matures on October 24, 2028. New Risk • Sep 20
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 10% 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 (10% average weekly change). Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩81.3b market cap, or US$58.2m). Aankondiging • Jun 27
RN2 Technologies Co., Ltd. (KOSDAQ:A148250) signed a letter of intent to acquire HRZ Co., Ltd. from Dabo Joongang Co., Ltd. for KRW 10.0 billion. RN2 Technologies Co., Ltd. (KOSDAQ:A148250) signed a letter of intent to acquire HRZ Co., Ltd. from Dabo Joongang Co., Ltd. for KRW 10.0 billion on June 19, 2025. On June 25, 2025, the parties have signed the agreement.
As of December 31, 2024, HRZ Co., Ltd. reported total assets of KRW 90.37 billion.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board on June 19, 2025. The expected completion of the transaction is July 25, 2025. New Risk • Apr 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue has declined by 2.6% over the past year. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (₩74.8b market cap, or US$52.2m). Aankondiging • Mar 26
RN2 Technologies Co., Ltd. announced that it has received KRW 10.99999708 billion in funding On March 25, 2025, RN2 Technologies Co., Ltd. closed the transaction of common shares in second and final tranche. New Risk • Mar 10
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 9.1% 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 Revenue has declined by 18% over the past year. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₩64.6b market cap, or US$44.4m). Aankondiging • Feb 07
RN2 Technologies Co., Ltd., Annual General Meeting, Mar 31, 2025 RN2 Technologies Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 11, dongtansandan9-gil, dongtan-myeon, gyoenggi-do, hwaseong South Korea Aankondiging • Feb 05
RN2 Technologies Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.99154 million. RN2 Technologies Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.99154 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 288,182
Price\Range: KRW 3470
Transaction Features: Subsequent Direct Listing 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 Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩27.1b market cap, or US$18.9m). Aankondiging • Mar 01
RN2 Technologies Co., Ltd. (KOSDAQ:A148250) announces an Equity Buyback for KRW 1,000 million worth of its shares. RN2 Technologies Co., Ltd. (KOSDAQ:A148250) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of own shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on August 29, 2024. As of February 28, 2024, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Upcoming dividend of ₩30.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,250, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 66% over the past three years. Aankondiging • Feb 04
Automobile & PCB Inc. (KOSE:A015260) cancelled the acquisition of 5.71% stake in RN2 Technologies Co., Ltd. (KOSDAQ:A148250) from Lee, Hyo-Jong. Automobile & PCB Inc. (KOSE:A015260) agreed to acquire an additional 5.71% stake in RN2 Technologies Co., Ltd. (KOSDAQ:A148250) from Lee, Hyo-Jong for KRW 7.01 billion on October 18, 2022.
Automobile & PCB Inc. (KOSE:A015260) cancelled the acquisition of 5.71% stake in RN2 Technologies Co., Ltd. (KOSDAQ:A148250) from Lee, Hyo-Jong on February 2, 2023. Upcoming Dividend • Dec 21
Inaugural dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. This is the first dividend for RN2 Technologies since going public. The average dividend yield among industry peers is 1.0%. Aankondiging • Feb 16
RN2 Technologies Co., Ltd. (KOSDAQ:A148250) announces an Equity Buyback for ¥4,000 million worth of its shares. RN2 Technologies Co., Ltd. (KOSDAQ:A148250) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of own shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on August 14, 2022. As of February 14, 2022, the company had 54,091 treasury shares within scope available for dividend and no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩11,450, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 9.7% over the past three years. Upcoming Dividend • Dec 22
Inaugural dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for RN2 Technologies since going public. The average dividend yield among industry peers is 0.4%. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩14,350, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to ₩19,000, the stock is trading at a trailing P/E ratio of 47.6x, up from the previous P/E ratio of 40.8x. This compares to an average P/E of 27x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 105%. Aankondiging • Feb 22
RN2 Technologies Co., Ltd., Annual General Meeting, Mar 25, 2021 RN2 Technologies Co., Ltd., Annual General Meeting, Mar 25, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩17,700, the stock is trading at a trailing P/E ratio of 44.3x, down from the previous P/E ratio of 53.9x. This compares to an average P/E of 28x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 65%. Aankondiging • Jan 26
RN2 Technologies Co., Ltd. announced that it has received KRW 20 billion in funding On January 25, 2021. RN2 Technologies Co., Ltd. (KOSDAQ:A148250) closed the transaction. Is New 90 Day High Low • Jan 11
New 90-day high: ₩20,100 The company is up 27% from its price of ₩15,850 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 37% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 22% share price gain to ₩19,200, the stock is trading at a trailing P/E ratio of 48.1x, up from the previous P/E ratio of 39.3x. This compares to an average P/E of 27x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 134%. Is New 90 Day High Low • Dec 24
New 90-day high: ₩17,850 The company is up 14% from its price of ₩15,600 on 25 September 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 16% share price gain to ₩15,450, the stock is trading at a trailing P/E ratio of 36.1x, up from the previous P/E ratio of 31x. This compares to an average P/E of 22x in the Electronic industry in South Korea. Total returns to shareholders over the past three years are 95%. Is New 90 Day High Low • Oct 15
New 90-day low: ₩14,750 The company is down 26% from its price of ₩19,950 on 17 July 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period.