Correction of 36 Billion Won Convertible Bond Issuance - Conversion Price 14,137 Won, Dilution 21.9%
Issuance size: 36 billion won (Noh & Sung Growth Support PEF 20 billion, Twin Bridge No.2 New Technology Investment Fund 16 billion)
Conversion price: 14,137 won per share (up from 7,396 won for existing 5th CB)
Shares upon conversion: up to 2,546,509 new shares (total 7,414,004 including existing CB, 21.90% dilution relative to 33,843,144 outstanding shares)
Call option: from 2027.5.6 to 2028.5.6, quarterly, exercise price 102.04%~104.18% (5% annual yield), max 30% per investor
Put option: from 2027.11.6 to 2031.2.6, quarterly, early redemption possible
Use of funds: operating capital (raw material purchases, etc.)
Corrections: clarified conversion price calculation, changed third-party recipient from BA Private Equity to Twin Bridge fund, fixed typo in call option clause number, etc.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)