Sonokong announced on March 3 that the company does not fall under the key requirements related to the recent overhaul of the delisting system by financial authorities, and that it plans to proactively address the penny stock requirements through a reverse stock split.
According to the company, Sonokong’s market capitalization stands at 46.8 billion won (based on the closing price as of February 27, 2026), thereby meeting the strengthened market capitalization requirements (ranging from 20 billion to 30 billion won), which will be implemented in phases starting in 2026.
In addition, regarding the stricter requirements for complete capital impairment on a semi-annual basis, Sonokong explained that as of the provisional settlement for 2025, the company’s total equity exceeds its capital by approximately 160%, maintaining a sound financial structure, and therefore the new rules do not apply. It was also confirmed that there have been no sanctions for disclosure violations in the past year.
However, for the 'delisting requirement for stocks trading below 1,000 won', which will be enforced from July 2026, the company plans to propose an agenda for a reverse stock split at the regular general shareholders’ meeting scheduled for March 30, following a resolution by the board of directors on this day. Through this measure, the company aims to proactively respond to the regulatory changes, enhance share price stability, and improve corporate value.
A Sonokong official stated, "We are preparing to advance to a mid-sized company based on strong sales growth, and we will continue to enhance shareholder value through a robust financial structure and transparent disclosures."
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