Due to stock merge (2026.05.08), conversion prices and share numbers for existing and new convertible bonds (CBs) adjusted; new CB of KRW 6 billion (conversion price 1,750 won, shares 3,428,571).
Three existing outstanding CBs (total KRW 13.5 billion) have conversion prices adjusted to 2,148, 2,062, and 2,014 won respectively, with total convertible shares of 6,556,061.
Total convertible shares of 9,984,632 represent 38.88% of outstanding shares (25,680,106), raising dilution concerns.
CBs include put option (early redemption) and issuer call option; call option acquisition cost of KRW 60 million.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)