iamthe walrus
5 hours ago
# 2 filing today by DKME Shareholder meeting coming soon this should be done soon and then we can watch for filings on who all will be involved over time .
Decision on Paid-In Capital Increase
1. Class and number of new shares Common stock (shrs.) 20,000,000
Different classes of stocks (shrs.) -
2. Par value per share (KRW) 500
3. Total number of shares issued before capital increase (shrs.) Common stock (shrs.) 236,981,544
Different classes of stocks (shrs.) -
4. Purpose of funding Facility investment (KRW) -
Business acquisition (KRW) -
Operating capital (KRW) 10,000,000,000
Debt repayment (KRW) -
Acquisition of securities issued by other corporations (KRW) -
Other purposes (KRW) -
5. Capital increase method Capital increase by third-party allotment
? ????? ?? ??
Basis in articles of incorporation -
Details of stocks -
Others -
6. Issuing price of new shares Common stock (KRW) 500
Different classes of stocks (KRW) -
7. Base stock price Common stock (KRW) 518
Different classes of stocks (KRW) -
7-1. Base stock price calculation method Appraised value of stocks without an established market price
7-2. Discount or premium ratio to the base stock price (%) 3.6
7-3. Basis for the calculation of the discount ratio (Premium ratio) ??? ?? ? ?? ?? ?? ???5-18??1?? ??
8. Basis in articles of incorporation on third-party allotment ?9?(?????)
9. Payment date -
10. Record date for dividend on new shares 2025.01.01
11. Scheduled delivery date of new share certificates -
12. Scheduled listing date of new shares -
13. Whether deemed a backdoor listing caused by contribution in kind No
- Whether there is in kind contributions No
- Whether there are shares of stock-unlisted corporations among contribution in kind N/A
- Value of investment in kind for shares to be paid Value in kind contribution (KRW) -
Ratio to the company’s total assets in the latest fiscal year (%) -
- Total number of shares to be paid -
14. Whether satisfying backdoor listing requirements N/A
15. Board resolution date (decision date) 2025.04.15
- Attendance of outside directors Present (No.) 3
Absent (No.) 1
- Attendance of auditors (members of Audit Committee) Present
16. Whether subject to file securities registration statement No
17. Reasons for exemption from filing securities registration statement, if exempted ????? ??? 3?? ????
18. Short selling transaction period during which subscriptions are prohibited Whether applicable No
Start date -
End date -
19. Whether subject to the Fair Trade Commission reporting requirements Non-applicable
20. Other matters to be factored into investment decisions
* The correction announcement due to the change in paid-in capital increase is scheduled to be announced as soon as possible after the board of directors' resolution.
1) Basis for calculating the issuance price of new shares
- The issuance price of new shares shall be the lower price among the weighted arithmetic average stock price for the past month, the weighted arithmetic average stock price for the past week, and the weighted arithmetic average stock price for the most recent day, based on Article 5-18, Paragraph 2 of the "Regulations on Issuance and Disclosure of Securities", and the weighted arithmetic average stock price for the most recent day, with the day before the board of directors' resolution as the base date. However, our company has been suspended from trading in the stock market (Korea Exchange) since November 27, 2024 due to the occurrence of grounds for substantive examination of listing eligibility.
- Accordingly, since the issuance price of paid-in capital increase according to Article 5-18, Paragraph 2 of the “Regulations on the Issuance and Disclosure of Securities” cannot be calculated, we considered calculating the reference stock price by considering the stock prices and market conditions of the company and other listed corporations with reference to Article 5-18, Paragraph 3 of the “Regulations on the Issuance and Disclosure of Securities,” but we could not find a comparable subject suitable for our company, and even if there was a comparable subject, it was ambiguous to apply the paid-in capital increase issuance price by calculating the stock price considering the market conditions, so we calculated the issuance price by requesting an evaluation from an external appraisal agency (accounting firm) as an alternative method. - According to the 'KIB Plug Energy (Co., Ltd.) Stock Value Evaluation Report' by Hanbit Accounting Corporation, an external evaluation agency, as of April 11, 2025, the stock value per share of the company being evaluated as of the evaluation reference date was calculated to be KRW 518, and the paid-in capital increase price per share was KRW 500, and there was no basis found to determine that it was inappropriate in terms of importance.
2) Matters related to protective custody
- The new shares issued through this paid-in capital increase will be deposited with the Korea Securities Depository in accordance with the implementation of the exclusive sale restriction measure under Article 2-2, Paragraph 2, Item 1 of the 'Regulations on Issuance and Disclosure of Securities, etc.', and the withdrawal or sale of the relevant securities will be restricted for 3 years from the date of deposit (including reservation of trading, etc.).
3) Other matters
- The schedule and content of the paid-in capital increase above may be changed in accordance with the consultation of the relevant organizations.
- Other incidental matters regarding the issuance of new shares will be delegated to the CEO.
▶If a listed company intends to issue a stock that is not priced in the stock market, please provide the following information:
(Unit: KRW, %)
Details of the trading suspension Method for evaluating the base stock price Increase/Decrease ratio compared to closing price (%) (B-A)/A*100 External valuation
Suspension date of transactions Last closing price before the trading suspension (A) Assessment method Valuation amount (B) If implemented Valuation institution
2024.11.27 515 Discounted cash flow method 518 0.58 Performed by Hanbit Accounting Corporation
- - - -
▶▶If the base stock price valuation is performed through an external valuation agency, please provide the following:
(Unit: KRW)
Assessment method Valuation institution Assessment date Calculation method Valuation amount Major assumptions Basis for establishing assumptions
Discounted cash flow method Hanbit Accounting Corporation 2025.04.11 The company's surplus cash flow and After the estimation period, the residual value is estimated and discounted by the weighted average cost of capital to calculate the current company value. 518 When estimating the operating value, the FCFF method is used to estimate the cash flow attributable to the company, and therefore the discount rate is also a generally accepted impairment assessment methodology that uses the weighted average cost of capital. For the estimation, the project's business strategy, financial strategy, and various ratio analyses of past data, market outlook data, macroeconomic indicators, etc. are reflected.
?Basis, Purpose, etc. of Third-party Allotment?
Basis in articles of incorporation on third-party allotment Purpose of capital increase by third-party allotment
Article 9 (New Stock Subscription Rights)
1. The shareholders of this company have the right to be allocated new stocks in proportion to the number of stocks they own when issuing new stocks.
2. Notwithstanding the provisions of Paragraph 1, in order to achieve the company's management objectives such as introduction of new technology and improvement of financial structure, new stocks may be allocated to persons other than shareholders by resolution of the board of directors in the following cases. 1) When new stocks are raised or acquired by an underwriter in accordance with the provisions of the Capital Market and Financial Investment Business Act
2) When new stocks are issued in the form of a general public offering by a resolution of the board of directors in accordance with the provisions of the Capital Market and Financial Investment Business Act
3) When new stocks are preferentially allocated to our employee stock ownership association members in accordance with the provisions of the Capital Market and Financial Investment Business Act
4) When new stocks are issued by exercising stock purchase options in accordance with the provisions of the Commercial Act
5) When issuing depository receipts (DRs) in accordance with the provisions of the Capital Market and Financial Investment Business Act
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iamthe walrus
5 hours ago
Report of Disclosure Revision Filed today May 21 2025 by DKME
May 21, 2025
1. Disclosure document to be revised: Report of Key Matters (Decision on Paid-in Capital Increase)
2. First submission date of disclosure document to be revised: April 15, 2025
3. Revised Information
Items Reason for revision Before revision After revision
9. Payment date Correction due to change in payment date May 21, 2025
-
11. Scheduled date of new share issuance
12. Scheduled date of listing of new shares Correction due to change in payment date June 5, 2025
June 5, 2025
-
-
?In case the Report of Key Matters is revised more than 5 times due to third-party allocation?
Correction due to change in payment date
- Reason for correction: Correction due to change in payment date
Future plan: Correction disclosure due to change in paid-in capital increase It is scheduled to be announced after the board of directors' resolution in the near future. Report on Major Issues/Reporting Obligations to the KRX
Financial Services Commission / Korea Exchange Dear April 15, 2025
Company Name: DKME Co., Ltd.
Representative Director: Kim Seon-gi, Baek Seung-ryun
Head Office Address: 260-37 Cheoyong-ro, Nam-gu, Ulsan Metropolitan City
(Tel) 052-278-9000
(Website) http://www.dkme.com
Writer: (Position) Head of Strategy Planning and Finance Division (Name) Park Sang-jun
(Tel) 052-278-9000
Decision on Paid-In Capital Increase
1. Class and number of new shares Common stock (shrs.) 20,000,000
Different classes of stocks (shrs.) -
2. Par value per share (KRW) 500
3. Total number of shares issued before capital increase (shrs.) Common stock (shrs.) 236,981,544
Different classes of stocks (shrs.) -
4. Purpose of funding Facility investment (KRW) -
Business acquisition (KRW) -
Operating capital (KRW) 10,000,000,000
Debt repayment (KRW) -
Acquisition of securities issued by other corporations (KRW) -
Other purposes (KRW) -
5. Capital increase method Capital increase by third-party allotment
? Matters related to other stocks
Basis in articles of incorporation -
Details of stocks -
Others -
6. Issuing price of new shares Common stock (KRW) 500
Different classes of stocks (KRW) -
7. Base stock price Common stock (KRW) 518
Different classes of stocks (KRW) -
7-1. Base stock price calculation method Appraised value of stocks without an established market price
7-2. Discount or premium ratio to the base stock price (%) 3.6
7-3. Basis for the calculation of the discount ratio (Premium ratio) Provisions of Article 5-18, Paragraph 1 of the Regulations on Issuance and Public Announcement of Securities, etc.
8. Basis in articles of incorporation on third-party allotment Article 9 (New stock preemptive rights)
9. Payment date -
10. Record date for dividend on new shares 2025.01.01
11. Scheduled delivery date of new share certificates -
12. Scheduled listing date of new shares -
13. Whether deemed a backdoor listing caused by contribution in kind No
-Whether there is in kind contributions No
- Whether there are shares of stock-unlisted corporations among contribution in kind N/A
- Value of investment in kind for shares to be paid Value in kind contribution (KRW) -
Ratio to the company’s total assets in the latest fiscal year (%) -
- Total number of shares to be paid -
14. Whether satisfying backdoor listing requirements N/A
15. Board resolution date (decision date) 2025.04.15
- Attendance of outside directors Present (No.) 3
Absent (No.) 1
- Attendance of auditors (members of Audit Committee) Present
16. Whether subject to file securities registration statement No
17. Reasons for exemption from filing securities registration statement, if exempted 3-year custody for newly issued shares
18. Short selling transaction period during which subscriptions are prohibited Whether applicable No
Start date -
End date -
19. Whether subject to the Fair Trade Commission reporting requirements Non-applicable
20. Other matters to be factored into investment decisions
* Corrective disclosure due to changes in paid-in capital increase will be disclosed as soon as possible after a resolution by the board of directors.
1) Basis for Calculating the Issue Price of New Stocks
- Pursuant to Article 5-18, Paragraph 2 of the “Regulations on Issuance and Disclosure of Securities,” the issue price of new stocks shall be the lower price among the weighted arithmetic average stock price for the past one month, the weighted arithmetic average stock price for one week, and the weighted arithmetic average stock price for the most recent day, with the day before the board of directors’ resolution as the base date, and the weighted arithmetic average stock price for the most recent day. However, our company has been suspended from trading stocks on the stock market (Korea Exchange) since November 27, 2024 due to the occurrence of grounds for substantive examination of listing eligibility.
- Accordingly, since the issuance price of paid-in capital increase according to Article 5-18, Paragraph 2 of the “Regulations on the Issuance and Disclosure of Securities” cannot be calculated, we considered calculating the reference stock price by considering the stock prices and market conditions of the company and other listed corporations with reference to Article 5-18, Paragraph 3 of the “Regulations on the Issuance and Disclosure of Securities,” but we could not find a comparable subject suitable for our company, and even if there was a comparable subject, it was ambiguous to apply the paid-in capital increase issuance price by calculating the stock price considering the market conditions, so we calculated the issuance price by requesting an evaluation from an external appraisal agency (accounting firm) as an alternative method. - According to the 'KIB Plug Energy (Co., Ltd.) Stock Value Evaluation Report' by Hanbit Accounting Corporation, an external evaluation agency, as of April 11, 2025, the stock value per share of the company being evaluated as of the evaluation reference date was calculated to be KRW 518, and the paid-in capital increase price per share was KRW 500, and there was no basis found to determine that it was inappropriate in terms of importance.
2) Matters related to protective custody
- The new shares issued through this paid-in capital increase will be deposited with the Korea Securities Depository in accordance with the implementation of the exclusive sale restriction measure under Article 2-2, Paragraph 2, Item 1 of the 'Regulations on Issuance and Disclosure of Securities, etc.', and the withdrawal or sale of the relevant securities will be restricted for 3 years from the date of deposit (including reservation of trading, etc.).
3) Other matters
- The schedule and content of the paid-in capital increase above may be changed in accordance with the consultation of the relevant organizations.
- Other incidental matters regarding the issuance of new shares will be delegated to the CEO.
▶If a listed company intends to issue a stock that is not priced in the stock market, please provide the following information:
(Unit: KRW, %)
Details of the trading suspension Method for evaluating the base stock price Increase/Decrease ratio compared to closing price (%) (B-A)/A*100 External valuation
Suspension date of transactions Last closing price before the trading suspension (A) Assessment method Valuation amount (B) If implemented Valuation institution
2024.11.27 515 Discounted cash flow method 518 0.58 Performed by Hanbit Accounting Corporation
- - - -
▶▶If the base stock price valuation is performed through an external valuation agency, please provide the following:
(Unit: KRW)
Assessment method Valuation institution Assessment date Calculation method Valuation amount Major assumptions Basis for establishing assumptions
Discounted cash flow method Hanbit Accounting Corporation 2025.04.11 The company's surplus cash flow and Estimate the residual value after the estimation period
Juststoppingby
8 hours ago
One of the filings on Monday was an exchange between QWM and DKME Inc. Quantum Wealth Management LLC received 21,754,000 shares of DKME INC., which is exactly the amount of money Coretec received from QWM for D shares.
“d. Payment method: This is not a cash payment agreement as Quantum Wealth Management LLC transfers 52,862,216 shares of DKME Co., Ltd. common stock owned by it to DKME INC. and exchanges them for 21,754,000 shares of DKME INC. common stock.”
https://investorshub.advfn.com/uimage/uploads/2025/5/21/yjifiMajor-management-matters-related-to-investment-decisions-2025-05-21_08-39-49.png
https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250519800480
iamthe walrus
1 day ago
NEW FILING TODAY DKME INC. is now the largest shareholder as they got the 52,862,216 from Quantum Wealth Management i
who just got them from Coretec . So now DKME INChas these 52,862,216 shares back now under the new company name being run by the management from THE CORETEC GROUP . So Coretec is still in the Drivers seat .
filng from Dart
Change of the Largest Shareholder
1. Details of change Before change Name of the largest shareholder Quantum Wealth Management LLC
Number of shares held (shrs.) 52,862,216
Shareholding ratio (%) 22.31
After change Name of the largest shareholder DKME INC.
Number of shares held (shrs.) 52,862,216
Shareholding ratio (%) 22.31
2. Reasons for change ;Change of largest shareholder through stock purchase agreement
3. Purpose of share acquisition; Management participation
-Financing method ????
-Plan on appointment or dismissal of directors after share acquisition We plan to hold a special shareholders meeting to elect or dismiss directors.
4. Date of change 2025-05-19
5. Confirmation date 2025-05-19
6. Other matters to be factored into investment decisions -
?Related disclosure 2025-05-19 Key management matters related to investment decisionsDetails of Change
Name (name of corporation) Relationship Before change After change Remarks
No. of shares (shrs.) Shareholding ratio (%) No. of shares (shrs.) Shareholding ratio (%)
Quantum Wealth Management LLC The largest shareholder before change 52,862,216 22.31 - - -
DKME INC. The largest shareholder after change - - 52,862,216 22.31 -
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Quikshft
2 days ago
Why is this happening? I like point 2 just below, the feasibility of gaining another 30% worth of K-Plug was not reasonable. How many more shares of Coretec preferred stock could possibly be issued. Whatever the plan is, this looks to me like they bailed on a portion of it.
1. QWM wants direct control, not a passive holding.
Preferred shares (even with conversion and voting rights) don’t give you operational control. But holding 22.31% of DKME and declaring "????" (management participation) suggests QWM wants direct influence over DKME's strategy, management, and board. That’s a shift from being just an investor in Coretec.
2. Coretec may be realigning or offloading its DKME position.
Coretec once talked about recognizing DKME revenue via ownership — but at 22.31%, that wasn’t really feasible. By transferring this stake to QWM, Coretec may be reducing exposure or shifting responsibility for any future integration or monetization strategy.
3. The exchange clears Coretec's books of a large holding and gives them back their own Preferred shares, potentially cleaning up the cap table or reducing future dilution threats.
🧩 What might be the end game?
Here are a few strategic possibilities:
A. QWM uses DKME as a platform company.
With a controlling stake, QWM might push for DKME to acquire Coretec or one of its subsidiaries (like CoreOptic Ltd.) to consolidate revenues or technology — possibly creating a vertically integrated camera module/optics business.
B. DKME and Coretec merge.
This move could be a prelude to a reverse merger or asset roll-up. With QWM controlling DKME, they could engineer a transaction where Coretec’s IP or technology gets embedded in DKME, and revenues from DKME can then be linked to Coretec — possibly through a combined entity or licensing.
C. Regulatory/Geopolitical maneuvering.
Coretec is a U.S. company. DKME is Korean. Transferring control to QWM — possibly a U.S.-based entity — could be helpful for navigating foreign ownership rules or for entering the U.S. market more directly. This may also smooth the path for U.S. investors or customers engaging with DKME.
D. Cleanup before uplisting or acquisition.
Removing the Preferred D shares from circulation and simplifying ownership might be a prerequisite for a bigger financial move — like a merger, uplisting, or acquisition involving either Coretec or DKME.
Summary
QWM may be pivoting from being an investor in Coretec to becoming an operator of DKME, likely to exert direct influence or restructure for future consolidation. Coretec, meanwhile, sheds both the Preferred D overhang and its DKME stake. This could be part of a longer game involving mergers, reverse takeovers, or a U.S. market strategy.
iamthe walrus
2 days ago
So why is the question ?? Why does Quantum need to sell /transfer the shares to DKME . Do they next get transferred to Quikshift ?? Stay tuned !! Same Bat time Same Bat channel !! One filing concerning CRTGs transfer to Quantum stated the , " Reason for that transfer of stock " was for , " Management Participation "
This does show a DKME INC ( Buyer ) and a DKME ( Co Ltd ) ...C. Target Stock: 52,862,216 shares of DKME (Co., Ltd.) common stock
But the Buyer is DKME INC S im guessing the DKME INC is seperate in some way than DKME Co L td but affiliated with in the same company ??
D. Payment method: Quantum Wealth Management LLC transfers 52,862,216 shares of DKME common stock owned by Quantum Wealth Management LLC to DKME INC. and exchanges 21,754,000 shares of DKME INC. common stock, and this is not a cash payment contract.
iamthe walrus
2 days ago
!! . . Now - Seller: Quantum Wealth Management LLC
- Buyer: DKME INC.
Material Business Matters Related to Investment Decisions
1. Title Conclusion of Stock Purchase Agreement Entailing Change of Major Shareholder
2. Details Our major shareholder, Quantum Wealth Management LLC, entered into a stock purchase agreement to transfer 52,862,216 shares of our common stock owned by us to DKME INC. on May 19, 2025 as follows.
- The following -
A. Contract Date: May 19, 2025
B. Contract Parties
- Seller: Quantum Wealth Management LLC
- Buyer: DKME INC.
C. Target Stock: 52,862,216 shares of DKME (Co., Ltd.) common stock
(Share Ratio: 22.31%)
D. Payment method: Quantum Wealth Management LLC transfers 52,862,216 shares of DKME common stock owned by Quantum Wealth Management LLC to DKME INC. and exchanges 21,754,000 shares of DKME INC. common stock, and this is not a cash payment contract.
B. Date of stock transfer: May 19, 2025
3. Date of board resolution (decision date) or confirmation date 2025-05-19
- Attendance of outside directors Present(No.) -
Absent(No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
4. Other matters to be factored into investment decisions
- The above '3. Board of Directors Resolution Date (Decision Date) or Confirmation Date' is the date of execution of the above contract.
- The above contents may change depending on the progress.
? Related disclosure -
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Juststoppingby
3 days ago
I think the strategy was and is to acquire controlling stake in DKM Co., Ltd. (KIB Plug Energy) and then install their people in the management and on the board then exchange D shares for DKM common shares and then once Coretec Group finishes integrating Core Optics Co., Ltd., a Korea corporation to Coretec and becomes current with their financial report they will have better opportunity financially to acquire/pay for those 52,862,216 shears and possibly more shares where they will have 51% ownership of the company.
Coretec had revenue when they decided to take a stake in DKM, but could not disclose it, and they would have had an idea of what CRTG would be trading at.
If they had not exchanged those shares, the D shares would have been converted into just under 1.5 billion shares. However, considering how much they would have paid for those 52,862,216 shares (22% DKM Stake) if CRTG stock were trading at $0.25, the price would be $375 million.
22 million vs. 375,000,000. And now, the stock will not get diluted.
1,500,000,000 X 0.25=375,000,000.
Quikshft
5 days ago
Yes, there is specific language in The Coretec Group's Series D Convertible Preferred Stock agreements that allows holders to exchange their preferred shares for shares of a third-party company, should Coretec acquire or merge with such an entity. This provision is detailed in multiple SEC filings, including the Form 8-K filed on November 6, 2024.
According to the filing, if Coretec completes an acquisition of shares in a third-party company, which may be publicly traded outside U.S. markets, holders of Series D Preferred Shares have the option to exchange their shares for shares of the acquired company. The exchange rate for such a transaction would be determined based on the terms and conditions set forth in the certificate of designations for the Series D Preferred Shares .
This provision offers flexibility to preferred shareholders, allowing them to potentially benefit from Coretec's strategic acquisitions or mergers by converting their holdings into equity of the newly acquired or merged entity.
Quikshft
5 days ago
Keep in mind that I am just feed the AI information and posting those replies. Here's some more;
🔄 The Transaction Summary
Quantum Wealth Management LLC (QWM) is exchanging 217,740 shares of Coretec Group Series D Preferred Stock for 52,862,216 shares (22.31%) of DKME common stock held by Coretec.
The Series D Preferred Stock is valued at $21,754,000, meaning ~$100 per share.
Coretec gives up its DKME shares and gets its own preferred stock back from QWM.
🤔 Does QWM Still Own the Coretec Preferred Stock?
No, not after this transaction if the transfer is fully executed as stated. That preferred stock is going back to Coretec, meaning:
QWM would no longer hold the 217,740 Series D shares.
This would reduce QWM's voting power in Coretec substantially—unless:
1.The transaction was only a partial exchange, and they retained other preferred shares.
2.There are side agreements or convertible rights not yet disclosed.
So, it may not be correct to state QWM will “still own” the preferred stock after this deal. Based on the filing, that’s exactly what they’re giving up in exchange for DKME shares.
⚖️ Voting Rights and Control
The Series D Preferred Shares are convertible into up to 1.5 billion common shares of Coretec, yes. That implies potential control over CRTG, or at least significant influence, depending on how many shares are converted or outstanding.
If QWM relinquishes those preferred shares, then Coretec regains that control (or cancels the shares to reduce dilution), and QWM gains a stake in DKME instead—but not control of Coretec directly anymore.
🧩 The Bigger Picture: Merger with DKME?
This is the speculative but intriguing part:
Coretec wants to count DKME revenue (as they alluded to in their December 2024 release).
Owning only 22% doesn’t allow for consolidation of DKME financials under U.S. GAAP rules.
To consolidate revenue, Coretec needs either:
Majority control (50%+1)
Or a merger / acquisition with DKME or its assets
👉 Possibility: Merge DKME into Coretec’s CoreOptic Ltd (Korean sub)
This would be a clever move:
Coretec already has CoreOptic Ltd, a Korean subsidiary positioned in the compact camera module market.
Folding DKME’s operations into CoreOptic could:
Keep the operations inside Korea
Avoid regulatory hurdles of a full U.S. merger
Let Coretec claim greater influence over DKME’s business, perhaps enough to justify reporting consolidated financials under certain interpretations
Juststoppingby
5 days ago
Major management matters related to investment decisions.
They are exchanging the preferred D shares.
“D. Payment Method: It is not a cash payment contract by exchanging the preferred shares of The Coretec Group Inc., owned by Quantum Wealth Management LLC, and 52,862,216 common shares of DKM Co., Ltd., owned by The Coretec Group Inc.E. Stock transfer period: May 23, 2025 (subject to change by written agreement)"
https://investorshub.advfn.com/uimage/uploads/2025/5/16/[zhwmMajor-management-matters-related-to-investment-decisions-Screenshot_16-5-2025_93836_dart.fss.or.kr.jpeg
https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250516800135
iamthe walrus
5 days ago
Material Business Matters Related to Investment Decisions
1. Title Conclusion of Stock Purchase Agreement Entailing Change of Major Shareholder
2. Details The Coretec Group Inc., our major shareholder, entered into a stock purchase agreement to transfer 52,862,216 shares of our common stock owned by C on May 16, 2025 as follows.
Coretec Group purchased those 52,862,216 shares of our common stock ( from Kib Plug ) owned by Quantum Wealth Management with the money that came from Quantum Wealth Management when they bought the series D preferred stock . Those proceeds were used to purchase stock from Kibble's Plug . Quantum Wealth Management doesn't give up thier series D stock they own in CRTG They will still own 217,000 shares of preferred stock I. CRTG they now will have the 52 million shares of DKM . They will be the largest share holder of DKM and thier preferred shares at CRTG when converted will total around 1.5 billion shares . They are getting controlling interest of CRTG as the largest shareholder then . This is the way I'm reading it but none the less they are in control it looks to me as well.
Quikshft
5 days ago
So maybe a good question to ask is WHO Quantum Wealth Management is.
Quantum Wealth Management LLC (QWM) is a private investment entity that has played a significant role in recent transactions involving The Coretec Group (CRTG) and DKM Co., Ltd. (also known as Kib Plug Energy).
🔍 Who is Quantum Wealth Management LLC?
QWM is a U.S.-based investment firm with a registered address in Lewes, Delaware . The firm has been involved in notable financial activities, including:
Investment in DKM Co., Ltd.: QWM provided working capital of 10 billion KRW to DKM in exchange for 20 million shares .
Recent Share Exchange with Coretec: On May 16, 2025, QWM entered into a stock purchase agreement with Coretec to acquire 52,862,216 shares of DKM common stock. In return, QWM transferred 217,740 shares of Coretec's Series D Preferred stock back to Coretec. This transaction is set to be finalized on May 23, 2025 .
🧩 Relationship with Coretec and DKM
QWM's involvement suggests a strategic positioning within the operations of both Coretec and DKM. The exchange of significant shareholdings indicates a restructuring of ownership and possibly a shift in strategic direction for these companies. The exact motivations and implications of these transactions remain to be fully disclosed.
Quikshft
5 days ago
This is a major development and possibly one of the most revealing disclosures to date. Let's break it down:
🔑 Key Takeaways:
📌 What Happened?
The Coretec Group (CRTG) is transferring its 52.8 million shares (22.31%) of DKM Co., Ltd. (Kib Plug) to Quantum Wealth Management LLC (QWM).
This is not a sale for cash, but an exchange: QWM is giving up its 217,740 Coretec Series D Preferred shares (valued at $21.75 million) in return.
💸 What’s being exchanged?
From To Asset
QWM Coretec 217,740 Series D Preferred shares (CRTG)
Coretec QWM 52.8M shares of DKM Co., Ltd. (22.31% stake)
🧾 Valuation alignment:
This implies Coretec is valuing its DKM stake at roughly $21.75 million, or about 412 KRW per share (~$0.30/share USD, depending on currency rate). That’s very close to DKM’s recent trading price, suggesting this wasn't a fire-sale.
🧠 Implications:
1. QWM is becoming a major DKM shareholder
That’s a big shift in control. QWM could now exert influence over DKM, especially given other recent board activity.
2. Coretec is offloading DKM
Whether this is good or bad depends on your view of the DKM relationship:
Positive spin: Coretec is shedding a potentially toxic or risky foreign entanglement.
Cynical view: Coretec is trading one illiquid asset for another (its own preferred stock) and possibly insulating QWM from dilution.
3. QWM is giving up its preferreds
This could signal:
QWM losing faith in Coretec’s long-term equity potential and preferring a more liquid or near-term position.
Or a pre-arranged unwind due to friction, litigation risk, or regulatory scrutiny.
4. Change in Major Shareholder
DKM’s largest outside shareholder is changing hands. That’s a reportable and sensitive issue under Korean disclosure law, hence the filing.
⚠️ Red Flags / Curiosities:
This effectively undoes a part of the original Series D funding logic — Coretec got Series D investment from QWM (ostensibly backed by DKM), and now they’re giving DKM stock back to QWM in exchange for those shares.
It’s not clear whether this move was amicable, strategic, or part of a settlement (no mention of legal resolution, but the timing is suspiciously aligned with recent suit filings).
The Coretec website being briefly down, now followed by this, suggests internal restructuring or preparation for updated investor communications.
🧭 Final Thought:
This could be very good if it signals Coretec is untangling itself from questionable financing. Or very concerning if it means Coretec lost a key partner, and the Series D capital is now effectively voided.
Either way, this changes the landscape.
iamthe walrus
5 days ago
Material Business Matters Related to Investment Decisions
1. Title Conclusion of Stock Purchase Agreement Entailing Change of Major Shareholder
2. Details The Coretec Group Inc., our major shareholder, entered into a stock purchase agreement to transfer 52,862,216 shares of our common stock owned by Quantum Wealth Management LLC on May 16, 2025 as follows.
So it looks like Quantum Wealth Management LLC bought the series D stock from Coretec and Coretec used that money to buy Kib Plug common stock with funds from Quantum Wealth Management LLC purchase of the D shares preferred stock now Coretec DKMEs largest shareholder t 22.31 % will now transfer those shares according to this filing that are owned by Quantum Wealth Management LLC to them . ??
If Quantum Wealth Management LLC converts the CRTG preferred stock to common shares I think it would be like 1.5 billion shares . So they have they controlling interest in The Coretec group and 22.31 %of DKME. So who is behind Quantum Wealth Management LLC ?? Is this our management investment firm of a Korean firm . Ill find the filing from Dart at DKME , KIB , That included them in a filing and see if their address is included in that filing
iamthe walrus
6 days ago
- The preferred stock of The Coretec Group Inc. owned by Quantum Wealth Management LLC is 217,740 shares and the investment amount is $21,754,000. ( THIS IS FROM THE DART KIB PLUG ENERGY FILING TODAY )
Quantum Wealth Management LLC is the company that bought all those series D stock from Coretec which Coretec used the $$ proceeds from those purchases of CRTGs preferred Series D shares to then purchase the 52,862,216 shares of Kib Plug Energy stock .
Now we have an exchange of preferred stock of The Coretec Group Inc. owned by Quantum Wealth Management LLC and 52,862,216 common stocks of DKM Co., Ltd. owned by The Coretec Group Inc. ( Payment method: This is not a cash payment contract )
A. Contract Date: May 16, 2025
B. Contract Parties
- Seller: The Coretec Group Inc.
- Buyer: Quantum Wealth Management LLC
C. Target Stock: 52,862,216 shares of DKME common stock
(Share Ratio: 22.31%)
iamthe walrus
6 days ago
NEW FILING OUT The Coretec Group Inc., enters into a stock purchase agreement . This is a Kib Plug Energy filing at Dart .
Also Coretecs Seon Kim stepped down as one of the CEOs at Kibble's for personal reasons according to another Kib filing today . But he is still a board member at Kib according to the quarterly report filed a couple of days ago . He may have stepped down as this transaction , stock purchase agreement is now completed , which was one of there goals at CRTG . Coretec changed CEOs 3 times in a short period as well . Perhaps part of the plan . These guys seem to wear all of the hats at different times
Material Business Matters Related to Investment Decisions
1. Title Conclusion of Stock Purchase Agreement Entailing Change of Major Shareholder
2. Details The Coretec Group Inc., our major shareholder, entered into a stock purchase agreement to transfer 52,862,216 shares of our common stock owned by Quantum Wealth Management LLC on May 16, 2025 as follows.
- The following -
A. Contract Date: May 16, 2025
B. Contract Parties
- Seller: The Coretec Group Inc.
- Buyer: Quantum Wealth Management LLC
C. Target Stock: 52,862,216 shares of DKME common stock
(Share Ratio: 22.31%)
D. Payment method: This is not a cash payment contract as it is an exchange of preferred stock of The Coretec Group Inc. owned by Quantum Wealth Management LLC and 52,862,216 common stocks of DKM Co., Ltd. owned by The Coretec Group Inc.
B. Date of stock transfer: May 23, 2025
(Can be changed upon written agreement)
3. Date of board resolution (decision date) or confirmation date 2025-05-16
- Attendance of outside directors Present(No.) -
Absent(No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
4. Other matters to be factored into investment decisions
- The above '3. Board of Directors Resolution Date (Decision Date) or Confirmation Date' is the date of execution of the above contract.
- The above contents may be changed depending on the progress. - The preferred stock of The Coretec Group Inc. owned by Quantum Wealth Management LLC is 217,740 shares and the investment amount is $21,754,000.
? Related disclosure -
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Homebrew
6 days ago
