Ameridge Corporation Corrects Convertible Bond Issuance Decision... Deletes Maturity Date and Payment Date
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Correction filing for KRW 70 billion CB issuance: deletion of maturity date, conversion period, and payment date increases uncertainty
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Total outstanding CBs (existing KRW 5.4B + new KRW 7B) = KRW 12.4B, convertible into 20.8M shares (39.43% dilution relative to outstanding shares)
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Minimum adjusted conversion price approx. KRW 22 based on par value USD 0.015; subject to downward adjustment if stock price falls
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Issuance targeted at Meta77 Investment Association; potential change of controlling shareholder upon conversion
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Use of proceeds unspecified ('reviewing new business')
KOSDAQ Filing Information
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Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
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Company: Ameridge (900100)
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Submission: Ameridge Corporation
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Receipt: 04-30-2026