[Edaily Reporter Shin Ha-yeon ] N CITRON, INC.(101400)is trading lower in early trading after announcing a decision to conduct a 6 billion won third-party private placement targeting Cactus Private Equity (Cactus PE) and signaling a change in its largest shareholder.

According to MP Doctor on the 14th, as of 9:22 a.m. today, N CITRON, INC. is trading at 1,964 won, down 11.33% from the previous trading day.

N CITRON, INC. announced yesterday that it will conduct a 6 billion won third-party private placement targeting the Growth Capital Investment Fund and the Oasis No. 3 Investment Fund, both managed by Cactus PE. The payment date is the 3rd of next month, and once the capital increase is finalized, Cactus PE will become the company’s largest shareholder.

The company explained that this investment is not merely a means of raising capital, but a strategic move aimed at identifying new growth businesses and pursuing mergers and acquisitions (M&A). It plans to leverage Cactus PE’s investment network and expertise to identify promising companies in high-tech industries, including semiconductors, and enhance its corporate value.

However, the stock price is showing a double-digit decline today. This is interpreted as investor sentiment being weighed down by concerns over potential dilution of shares resulting from the third-party private placement and uncertainties regarding the future implementation of new business initiatives.

An N CITRON, INC. official stated, “Securing investment from Cactus PE is a strategic decision that goes beyond simply raising capital; it is aimed at identifying various growth opportunities and executing mergers and acquisitions (M&A) of promising companies,” adding, “Together with Cactus PE, which has become our largest shareholder, we will actively work to strengthen N CITRON, INC.’s growth engines and enhance its corporate value.”