Correction of Convertible Bond Terms (Conversion Price 919→875 KRW)
Correction of terms including board resolution date and payment date: conversion price from 919 to 875 KRW, number of shares to be issued from 6,528,835 to 6,857,142, increasing dilution to 13.35% of total shares.
Issuance of 6 billion KRW convertible bonds for operating funds (raw material purchase and new product development), maturity on May 28, 2029.
Total potential dilution of 38.88% (19,969,264 shares) when including existing outstanding convertible bonds of 13.5 billion KRW.
Put option granted to investors and call option to the company, with call option consideration of 60 million KRW.
Bondholders include Able AI No.1 Fund (3 billion KRW) and Park Ji-hyun (3 billion KRW), issued to specific parties.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)