Ecoglow Decides to Issue Convertible Bonds and Implements Stock Split

Decision to issue convertible bonds (CB): specific issue size undisclosed, purpose is facility funds (acquisition of land/building)
Call option: Company can repurchase up to 50% of total face value at 7% compound interest per annum from 1 year after issuance
Put option: Bondholders can redeem early every 3 months from 1 year after issuance at 6% compound interest per annum
Collateral provided: first priority beneficial interest (limit 10.2 billion won) on property in Gangnam-gu, Seoul (land 257.4㎡, building 670.06㎡)
Stock split: 5:1 reverse stock split effective April 13, 2026 (face value from 100 won to 500 won), adjusting conversion price and number of shares
Treasury CB holding: Previously issued 12th CB of 2 billion won bought back before maturity and held in treasury