[저평가 리포트] 210억 조달…지배구조 불확실성 공존 | 앤디포스①

NDPOST's shift to profitability and aggressive capital raising for M&A signal a transition phase, yet significant shareholder dilution risks and management instability remain major hurdles for valuation. Investors should monitor how the company utilizes its 21 billion KRW war chest to diversify its portfolio and whether it can stabilize governance to overcome the KOSDAQ discount.