WOOSUNG MATERIALS Announces Conversion Price Adjustment Due to Stock Consolidation
WOOSUNG MATERIALS adjusted the conversion price of its first unsecured private convertible bonds from 403 KRW to 4,030 KRW.
This is a mechanical adjustment due to the 10-to-1 stock consolidation decided on March 11, 2026, resulting in convertible shares decreasing from 545,905 to 54,590.
The total unconverted bond principal of 220 million KRW remains unchanged, and no separate board resolution was made.
[AI Summary]This disclosure pertains to a routine conversion price adjustment following a stock consolidation, with no change in the economic value for bondholders. The impact on shareholder value is neutral.
KOSPI Filing Information
Filing: Adjustment of Conversion Price, Exercise Price of Stock Subscription Rights, and Exchange Price (Notice of Disclosure)