SK IE Technology Stocks: 13% Lock-Up Release on Korean Market

SK IE Technology and several other Korean companies face significant lock-up share releases between May 27 and May 28. SK IE Technology will release 10.489 million shares on May 28, representing 13% of its issued shares, from a third-party allocation conducted last year for financial restructuring. The releases stem from expiring mandatory holding periods following capital raises and initial public offerings. Korean stock market regulations require lock-up periods to protect investor interests and ensure management stability during early trading phases.

SK IE Technology Releases 10.489 Million Shares from Capital Raise Lock-Up

According to Korea Securities Depository on the 24th, SK IE Technology will release 10.489 million shares from lock-up on May 28. The company conducted a 300 billion won third-party allocation last year to improve its financial structure. The raised funds were allocated to 2 trillion won for operating funds and 1 trillion won for debt repayment. Three special purpose vehicles (SPCs) including MS Power No. 1 that participated in the capital raise will complete their one-year mandatory holding period with this release.

Foodnamu Completes 10 Billion Won Allocation Lock-Up Release

Foodnamu's capital raise shares will be released on May 27. The release covers 4.854 million shares issued through a 10 billion won third-party allocation last year. Major shareholder Onhill Partners subscribed to all new shares. The company used the raised funds for 7 billion won in operating capital and 3 billion won for debt repayment to the Korea Development Bank.

Securetter, APR, and M83 Complete IPO-Related Lock-Up Periods

Shares subject to mandatory holding commitments made during IPOs are being released to the market. Securetter completes its three-year commitment period on the 24th, releasing 2.12 million shares representing 29% of issued shares.

On May 27, APR's major shareholders will complete a 2.5-year mandatory holding period for 12.35 million shares representing 33% of issued shares. The shares were committed by CEO Kim Byung-hoon and internal director Shin Jae-ha during the 2024 listing.

M83 completed its two-year post-listing mandatory holding period on May 22. The release includes 2.356 million shares and 75,000 shares, totaling 2.431 million shares representing 30% of issued shares. Of these, 2.356 million shares are held by specially related parties excluding largest shareholder Jung Sung-jin. The company voluntarily extended the original 1.5-year mandatory holding period by six months for stable management and investor protection.

FAQ

What shares did SK IE Technology release on May 28? SK IE Technology released 10.489 million shares on May 28, representing 13% of its issued shares. These shares originated from a 300 billion won third-party allocation conducted last year, with a one-year mandatory holding period expiring for three special purpose vehicles that participated in the capital raise.

Why did M83 extend its lock-up period beyond the required timeframe? M83 voluntarily extended its mandatory holding period from the original 1.5 years to 2 years, adding six months for stable management and investor protection. The extended lock-up period for 2.431 million shares representing 30% of issued shares ended on May 22.