Issuance of Convertible Bonds to 29 Funds - Put and Call Options Included
Organoid Sciences Ltd. decided to issue convertible bonds to 29 funds, with put and call options.
Put option: exercisable quarterly from 24 months after issuance (May 7, 2028), at a yield of 1.0% annual compound.
Call option: exercisable quarterly from 12 to 24 months after issuance (May 7, 2027 to May 7, 2028), up to 30% of total issuance, at a yield of 1.0% annual compound.
Issuance targets: 29 funds including KOSDAQ venture private equity funds.
Specific conversion price and issuance amount not disclosed in the filing.
KOSDAQ Filing Information
Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)