Soulbrain Holdings said in a disclosure on November 2, 2026 that its board approved a small-scale merger in which it will absorb Soulbrain Network Co., Ltd. through a board resolution in place of a shareholders' meeting approval.

According to the disclosure, Soulbrain Holdings approved a small-scale merger to absorb Soulbrain Network Co., Ltd. by board resolution on November 2, 2026. Because the number of shares submitted for dissent fell short of 100 of 20 of the total issued shares, the company replaced shareholders' meeting approval with board approval under Article 527-3 of the Commercial Act. The merger date is listed as December 4, 2026.

1. 01

   The merger is structured as an absorption merger in which Soulbrain Holdings absorbs Soulbrain Network Co., Ltd. Soulbrain Holdings is the surviving company, and Soulbrain Network Co., Ltd. is the dissolving company.

2. 02

   The company said the number of shares submitted for dissent fell short of 100 of 20 of the total issued shares, so the board approved the merger in place of a shareholders' meeting at its meeting held on November 2, 2026.

3. 03

   The company said the purpose of the merger is to improve management efficiency and strengthen business competitiveness.

4. 04

   The merger is a small-scale merger under Article 527-3 of the Commercial Act, and the board approved it as originally proposed.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Merger date

December 4, 2026

Dissenting shares

48,980 shares (0.24% of total issued shares)

Dissenting shareholders

356 holders

Merger ratio (Soulbrain Holdings : Soulbrain Network Co., Ltd.)

1.0000000 : 0.0000000

Dissent notice submission period

October 16, 2026 ~ October 30, 2026

Filing facts

Filing type

Merger

Report name

Other Management Information (Voluntary)

Filed

Nov 2, 2026

Receipt number

20261102900507