[Market Focus] IGene Hits New Low on 32 Billion Won Shareholder Rights Offering

IGene is showing weakness in early trading.

As of 9:05 a.m. on September 17, IGene was trading at 2,490 won, down 10.43% (290 won) from the previous day. During the session, the price fell to 2,370 won, marking a new 52-week low.

The decline is interpreted as a reaction to the company's announcement after the market closed the previous day of a rights offering worth 32 billion won to raise operating funds, which affected investor sentiment.

The rights offering will be conducted through a shareholder allocation followed by a public offering of forfeited shares, with 16.2 million new common shares to be issued at 1,980 won per share.

The record date for the new share allocation is October 27, 2025, with subscription for existing shareholders scheduled for December 1 and 2, and the new shares are expected to be listed on December 22, 2025.

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