Ecopro Materials: Announces A Capital Raise Worth 389 Billion Won

• EcoPro Materials announced a capital raise worth 389 billion won. The company plans to issue 5.12 million new shares, representing 7.3% of its current outstanding shares (69.74 million).

• This capital raise is in the form of redeemable convertible preferred shares (RCPS). Conversion price of this RCPS is 75,974 won which is 9.9% higher than current price.

• Ecopro Materials' share price is down 27% from 27 February 2025. We continue to remain negative on Ecopro Materials.