Exercise of Conversion Rights for 4th CB – 418,410 Shares Converted at Adjusted Price of 1,195 KRW
On May 7, 2026, conversion rights for the 4th unsecured private convertible bonds were exercised, issuing 418,410 new shares (1.48% of total outstanding shares). Conversion price adjusted to 1,195 KRW.
Conversion price was lowered from 1,920 KRW to 1,195 KRW due to a third-party allotment at 1,195 KRW. Remaining unconverted bond balance is 6.5 billion KRW (5,439,330 shares convertible). New shares are scheduled to be listed on May 27, 2026.