Mgen Solution Amends Sale of Own Convertible Bonds Worth 3 Billion Won
Company decided to resell its previously acquired 22nd unsecured private convertible bonds worth 3 billion won (face value), novating the contract from original buyer Choi Eun-kyung to three new buyers: Queen Mezzanine 1st Partnership (1.5 billion won), BS Partner Co., Ltd. (1 billion won), and Song Jun (500 million won)
Total sale proceeds of 3 billion won (deposit of 150 million won already novated, balance of 2.85 billion won to be received on May 28, 2026, changed from June 9, 2026)
Queen Mezzanine 1st Partnership and BS Partner Co., Ltd. were established in 2026; no recent financial data available
The CBs were issued on June 25, 2024, acquired by the company on September 10, 2025, due to exercise of put option by bondholders
Detailed terms including conversion price and early redemption rates (1st: 104.0756% to 8th: 111.7139%) are disclosed
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Sale of Self-Convertible Bonds)