Xplus Inc. Decides to Resell Own Convertible Bonds of KRW 2.8 Billion - Conversion Price Adjustment and Share Count Change
Xplus decides to resell KRW 2.8 billion of its own 2nd series convertible bonds (out of KRW 3 billion acquired); proceeds receipt date corrected to 2026-06-02.
Due to 1:5 stock split and paid-in capital increase, conversion price adjusted from KRW 935 to KRW 4,646 (9th adjustment).
Shares to be issued upon conversion increase from 299,465 to 602,668; ratio to total shares changes from 2.66% to 2.51%.
Put option granted up to 12 rounds with early redemption rates from 102.0175% to 104.8584%.
Conversion price has been downward-adjusted 7 times previously due to market decline and equity offerings.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Sale of Self-Convertible Bonds)