Canvasn Corrects CB Issuance: Reduced Size and Lower Coupon
The company corrected its previous decision to issue 7 billion won in convertible bonds, reducing the issuance amount to 4 billion won and lowering the maturity interest rate from 7% to 5%.
The conversion price was adjusted downward from 1,767 won to 1,443 won, and the minimum adjusted price from 1,237 won to 1,011 won.
The additional dilution ratio from the new CB decreased from 16.34% to 11.43% of outstanding shares, and the total dilution including existing CBs fell from 42.72% to 37.81%.
Proceeds will be used for operating funds (content production). Payment date is May 7, 2026.
The underwriter changed from KB Securities (as trustee for Pume General Private Investment Trust No.1) to Shinsa Brothers Co., Ltd.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)