Shares of Robotis, which announced a rights offering worth 100 billion won, are trading lower.
As of 9:17 a.m. on August 29, Robotis was trading at 88,300 won, down 5,300 won (5.66%) from the previous trading day.
After the market closed the previous day, Robotis disclosed a rights offering of 100 billion won allocated to existing shareholders. The issuance ratio is 0.103 new shares for every existing share. The funds raised will be used for facility expansion to enable mass production of robots, establishing a data factory essential for training artificial intelligence (AI) foundation models, and internalizing high-performance components.
On this day, Choi Seunghwan, a research analyst at Shinhan Investment Corp., commented on Robotis, saying, "Concerns over share dilution are inevitable," but added, "The impact of the rights offering is expected to be short-lived. The company is likely to be re-evaluated as a core supplier in the humanoid component supply chain."
Yang Seungyun, a research analyst at Eugene Investment & Securities, said, "Robotis's future strategy can be summarized as achieving price competitiveness against China and securing AI data and core actuator technologies necessary for humanoid development. Although there is pressure on the stock price due to the rights offering, increased short-term costs, and upcoming investments, we expect the company to secure future competitiveness through bold investments."
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