Moadata Resells Its 8th Series BW Before Maturity to Artma Investment Union at 5.4 Billion KRW, Capital Structure Improvement Purpose with Premium
Moadata decided to acquire and then resell its 8th series bonds with warrants with face value of 5 billion KRW to Artma Investment Union for 5.4 billion KRW. The purpose is to improve management efficiency and financial structure.
The resale price includes a 400 million KRW premium over face value, generating a small profit for the company. The adjusted conversion price of 1,751 KRW is higher than the current stock price of 1,404 KRW, making conversion unlikely but potential dilution remains if the stock price rises.
This transaction represents 25.81% of equity and is expected to enhance financial structure. However, the remaining BW still pose a dilution risk if conversion conditions are met.
[AI Summary]Moadata resold its 8th series BW face value 5 billion KRW at a premium to Artma Investment Union to improve financial structure and realize a small profit. With the conversion price above the current stock price, dilution risk is low but remains for the future.
KOSDAQ Filing Information
Other Management Matters (Voluntary Disclosure) (Acquisition And Resale Of 8th Bond With Warrants (BW))
Company: Moadata (288980)
Submission: Moadata Co., Ltd.
Under KRX KOSDAQ Market Division, Amended (Refer to related filing)