Correction of Convertible Bond Issuance Decision: Increased Dilution Concerns
-
Convertible bond issuance amount reduced from KRW 2B to KRW 1.5B (correction)
-
Conversion price: KRW 1,303, new conversion shares: 1,151,189 (3.73% of outstanding shares)
-
Total convertible shares including existing CBs: 19,359,309 (65.19% of outstanding), raising major dilution concerns
-
Purpose: operating funds
-
Includes put option (early redemption) and call option (up to 30% of issuance, yield 7%)
-
Expected negative impact on stock price
KOSDAQ Filing Information
-
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
-
Company: Nexa Dynamics (351320)
-
Submission: Nexa Dynamics Co., Ltd.
-
Receipt: 04-30-2026