New Risk • Apr 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (24% average weekly change). High level of non-cash earnings (61% accrual ratio). Minor Risk Market cap is less than US$100m (₩29.0b market cap, or US$19.2m). Announcement • Mar 17
THE CODI Co.,LTD., Annual General Meeting, Mar 31, 2026 THE CODI Co.,LTD., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 62, baekseokgongdan 2-gil, seobuk-gu, chungcheongnam-do, cheonan South Korea Announcement • Mar 13
THE CODI Co.,LTD. announced that it expects to receive KRW 11.99999678 billion in funding from GNT Pharma Co., Ltd. THE CODI Co.,LTD. announces a private placement with GNT Pharma Co., Ltd. to issue 1,851,851 Common Shares at a price of KRW 3,780 per share for gross proceeds of KRW 6,999,996,780 on March 12, 2026. Expected closing date of the offering is April 15, 2026.
On the same day, It has issued Series 10 Unregistered Interest Unsecured Private Convertible Bonds with Kairos Corp for gross proceeds of KRW 5,000,000,000. Interest rate of the Notes is 3% and maturity interest rate is 4%. Maturity date of the Notes is April 10, 2029. Expected closing date of the Notes is April 10, 2026. Conversion price is KRW 4,783. New Risk • Mar 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩14.6b (US$9.83m) This is considered a major risk. Companies with a small market capitalization 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 (16% average weekly change). Market cap is less than US$10m (₩14.6b market cap, or US$9.83m). New Risk • Feb 13
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 14% 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 Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Market cap is less than US$100m (₩24.5b market cap, or US$16.9m). Announcement • Jan 07
THE CODI Co.,LTD. announced that it expects to receive CAD 999.998208 million in funding from Lee Suk Industry Co Ltd THE CODI Co.,LTD. announced a private placemen to issue 445,632 shares at an issue price of KRW 2,244 per share for gross proceeds of KRW 999,998,208 on January 5, 2026. The transaction will include participation from returning investor Lee Suk Industry Co Ltd. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on January 28, 2026. New Risk • Jan 05
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 9.6% 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 Less than 1 year of cash runway based on free cash flow trend (-₩6.5b free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩16.2b market cap, or US$11.2m). New Risk • Nov 28
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: -₩6.5b 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 (-₩6.5b free cash flow). Market cap is less than US$10m (₩14.3b market cap, or US$9.72m). New Risk • Oct 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩13.9b (US$9.75m) This is considered a major risk. Companies with a small market capitalization 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. This is currently the only risk that has been identified for the company. New Risk • May 23
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: -₩7.6b 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 Risk Less than 1 year of cash runway based on free cash flow trend (-₩7.6b free cash flow). Minor Risk Market cap is less than US$100m (₩17.4b market cap, or US$12.6m). New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩14.6b (US$9.87m) This is considered a major risk. Companies with a small market capitalization 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 Earnings have declined by 2.5% per year over the past 5 years. Market cap is less than US$10m (₩14.6b market cap, or US$9.87m). Announcement • Mar 18
THE CODI Co.,LTD., Annual General Meeting, Mar 31, 2025 THE CODI Co.,LTD., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 62, baekseokgongdan 2-gil, seobuk-gu, chungcheongnam-do, cheonan 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 Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩19.3b market cap, or US$13.4m). New Risk • Nov 26
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: -₩7.4b 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 (-₩7.4b free cash flow). Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₩20.2b market cap, or US$14.5m). New Risk • Nov 06
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 8.6% 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 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₩22.3b market cap, or US$16.0m). New Risk • Aug 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% 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 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩29.6b market cap, or US$22.4m). Announcement • Jul 28
THE CODI Co.,LTD. announced that it has received KRW 2.99999778 billion in funding from Lee Suk Industry Co Ltd On July 27, 2023, THE CODI Co.,LTD. closed the transaction. New Risk • Jul 21
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 9.7% 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 Less than 1 year of cash runway based on free cash flow trend (-₩21b free cash flow). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₩23.0b market cap, or US$17.9m). Announcement • Aug 02
CODI-M Co., LTD. announced that it has received KRW 999.999 million in funding from Lee Suk Industry Co Ltd On August 1, 2022, CODI-M Co., LTD. closed the transaction. Reported Earnings • Apr 03
Full year 2020 earnings released: ₩66.00 loss per share (vs ₩26.00 profit in FY 2019) The company reported a decent full year result with improved revenues, although earnings and control over costs were weaker. Full year 2020 results: Revenue: ₩28.0b (up 138% from FY 2019). Net loss: ₩12.9b (down 438% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 11
New 90-day high: ₩554 The company is up 107% from its price of ₩268 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 31% over the same period. Is New 90 Day High Low • Oct 26
New 90-day high: ₩318 The company is up 10.0% from its price of ₩288 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is flat over the same period. Announcement • Oct 10
CODI-M Co., LTD. has completed a Follow-on Equity Offering in the amount of KRW 999.999963 million. CODI-M Co., LTD. has completed a Follow-on Equity Offering in the amount of KRW 999.999963 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,847,953
Price\Range: KRW 171
Transaction Features: Subsequent Direct Listing Announcement • Sep 24
CODI-M Co., LTD. announced that it has received KRW 7.5 billion in funding from Gsm Holdings Co., Ltd. On September 22, 2020, CODI-M Co., LTD. (KOSDAQ:A224060) closed the transaction. The bond bears a coupon rate of 4% and will mature on September 22, 2023. The conversion period of the bond is from September 22, 2021 to August 22, 2023 at a price of KRW 258. The transaction included participation from Gsm Holdings Co., Ltd. Announcement • Sep 23
CODI-M Co., LTD. announced that it expects to receive KRW 15 billion in funding from Gsm Holdings Co., Ltd. CODI-M Co., LTD. (KOSDAQ:A224060) announced private placement of series 7 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on December 17, 2019. The transaction will involve participation from returning investor Codi-M Bio Consortium. The bonds bear a coupon rate of 6% and yield to maturity rate of 6%. The maturity date of bonds is February 28, 2023. The bonds are fully convertible into 29,182,879 shares at a price of KRW 514 per share. The conversion period will start from February 28, 2021 and ends on January 28, 2023. The payment date is February 28, 2020. The transaction has been approved by the board of directors of the company.