Lunit - Rights Offering of 250 Billion Won

• After the market close on 30 January, Lunit (328130 KS) announced a rights offering capital raise of about 250 billion won (US$176 million).

• The number of shares to be issued is 7,906,816, with a new share price of 31,650 won per share, which is 21% lower than current price of 40,200 won.

• Lunit continues to trade at relatively fat valuation multiples. It is trading at P/S of 15.1x in 2026 and 12.9x in 2027.