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Align Partners Asset Management has filed a lawsuit against SoluM Co. to invalidate the issuance of 7 million redeemable convertible preferred shares (RCPS) worth 120 billion won, citing concerns from minority shareholders that the issuance was a tactic for management control. This legal action follows Align Partners' increase in its stake in SoluM from 4.99% to 8.04% after purchasing additional shares last year. The RCPS were issued on July 5, 2022, to fund SoluM's operations and acquisitions.