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Ameridge

PionX Amends Convertible Bond Terms - Lower Conversion Price, Higher Dilution


  • Amendment of 7 billion won convertible bond issuance: conversion price lowered from 541 won to 525 won; shares upon conversion increased from 12,939,001 to 13,333,333
  • Dilution ratio relative to outstanding shares increased from 39.75% to 40.49%
  • Payment and maturity dates postponed: from 2026.05.15 to 05.28, and from 2029.05.15 to 05.28 (due to expected conclusion of management dispute lawsuit)
  • Conversion price adjustment reference date changed from 14th to 27th of each month
  • Potential change in controlling shareholder: Meta77 Investment Association could become the largest shareholder upon full conversion

KOSDAQ Filing Information


  • Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
  • Company: Ameridge (900100)
  • Submission: Ameridge Corporation
  • Receipt: 05-14-2026