Decision to Issue 5 Billion Won Convertible Bonds, Dilution Ratio of 71.83% vs Outstanding Shares
Alpha AI decided to issue 5 billion won in convertible bonds (conversion price 948 won, payment date 2026.06.30). Including existing outstanding convertibles, total potential dilution is 71.83% of current shares, raising concerns of massive dilution.
Conversion period and put option dates postponed: from 2027.04.30~2029.03.30 to 2027.06.30~2029.05.31.
Proceeds of 5 billion won to be used for acquisition of securities of another corporation. Target: 2.5 million shares (7.33%), valuation 4.72 billion won, per share 1,890 won.
Existing outstanding convertibles total 17.1 billion won (series 15-17), conversion prices 1,570~2,040 won, potential shares 9,170,007.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)