Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Eoflow: Financing Requirements, Changing Shareholding Structure, and the Next Steps

Eoflow Announced that US Federal Court Has Decided to Suspend the Effect of 1st Injunction Decision

Douglas Research Advisory

Event-Driven

<ul>
<li>On 19 June, Eoflow announced that the U.S. Federal Appeals Court issued a decision to overturn the provisional injunction.</li>
<li>In other words, the U.S. federal court ordered the first trial's preliminary injunction banning overseas sales of Eoflow to be overturned. </li>
<li>A jury trial is set at end of November 2024. Depending on the ruling, either side may appeal and a second trial may follow or there may be a settlement.</li>
</ul>


On 19 June, Eoflow announced that the U.S. Federal Appeals Court issued a decision to overturn the provisional injunction.
In other words, the U.S. federal court ordered the first trial's preliminary injunction banning overseas sales of Eoflow to be overturned. 
A jury trial is set at end of November 2024. Depending on the ruling, either side may appeal and a second trial may follow or there may be a settlement.


Another Major Win for Eoflow [U.S. Federal Appeals Court Issues a Decision]