# EcoPro BM Rights Offering Runs Amid Weak U.S. EV Demand and Debt Pressure

- URL: https://hallyu-brief.vercel.app/en/news/ecopro-bm-rights-offering-oversubscription-ev-slowdown-4fa041
- Published: 2026-10-17T08:12:22.598Z
- Publisher: Hallyu Brief

> EcoPro BM ran a shareholder rights offering through October 16 at 89,500 won per share, as its stock slide narrowed the discount to 12.9%.

## Key points

1. Oversubscription is capped at 0.2 shares per share allotted.
2. Analysts see earnings recovery only from the second half of 2027.
3. Proceeds mainly fund an Indonesian nickel smelter project.

## What is EcoPro BM's rights offering?

EcoPro BM, a South Korean battery materials maker, began a shareholder-allotment rights offering on October 15, 2026, with subscriptions closing on October 16. According to Investchosun, the confirmed new share price is 89,500 won, 13,200 won below the previous day's close of 102,700 won. The discount to market price has shrunk from 20.9% to 12.9% after the shares fell 11.85% on October 15 alone.

## Why is the discount shrinking?

The stock had rebounded to around 130,000 won in early October but dropped more than 20% in a single week. Because the offer price is fixed, the falling share price has reduced the appeal of subscribing at a discount.

## Is demand for EcoPro BM's products recovering?

Not quickly. The IEA projected global EV sales would grow 10% in 2026, yet first-half actual sales fell below the prior year's level. U.S. EV sales were down 30.7% year on year through September, according to a U.S. market research firm.

## How is EcoPro BM performing?

In the first half of 2026, consolidated revenue was 1.1821 trillion won, down 16.1%, and operating profit was 39 billion won, down 24.0%. Analysts do not expect a meaningful recovery until the second half of 2027, when new orders from Samsung SDI for Mercedes-Benz and BMW batteries are expected to lift plant utilization from 2028.

## For international fans

EcoPro BM is a materials supplier rather than a consumer brand, so its shares are mainly followed by investors tracking the global EV battery supply chain. Its stock moves often reflect broader EV demand trends in the United States, Europe, and China.

## FAQ

### How long does the EcoPro BM rights offering last?

Subscriptions ran from October 15 through October 16, 2026, according to Investchosun.

### What is the new share price?

The confirmed price is 89,500 won per share, a 12.9% discount to the market price at the time of reporting.

### When is EcoPro BM expected to recover?

Securities analysts expect a meaningful earnings recovery only from the second half of 2027.

## Sources

- [www.investchosun.com](https://www.investchosun.com/site/data/html_dir/2026/10/16/2026101680053.html)

_Written and translated with AI from official announcements and Korean media reports. If something is wrong, please let us know._