"Jo Look Isan" holds 6.78% of IROYAL-W1, sparking a 29.79% price surge

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Mr. Anurak Boonsawaeng, known by the nickname "Jo Look Isan," reported to the Securities and Exchange Commission (SEC) that on September 16 he acquired 7.118 million units of warrants to purchase ordinary shares of Inter Royal Engineering (IROYAL-W1), or 3.1743%, up from the 8.090 million units he previously held. Following the acquisition, his combined holding is 15.208 million units, or 6.7821%. The highest price before the acquisition, on July 21, 2026, was 1.60 baht. IROYAL-W1 will be delisted on October 29 this year, and will be marked SP from October 5 to October 28, 2026. The register will be closed to suspend transfers of the warrants from October 7 to October 28, 2026, with an exercise notification window from October 12 to October 27, 2026, at an exercise price of 2.92 baht per ordinary share and an exercise ratio of 1 unit to 1.0257 shares. As of 12:09 p.m., the IROYAL price stood at 4.26 baht, unchanged, while IROYAL-W1 moved at 0.61 baht, up 0.14 baht, or 29.79%, on trading volume of 9.672 million units and a trading value of 6.078 million baht.

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Major shareholder 'Jo Look Isan' raised his IROYAL-W1 warrant holding to 6.78%, sparking a 29.79% surge in the warrant price, but the article gives no fundamental driver for the underlying stock.