Decision to Cancel KRW 4.2 Billion of 3rd Convertible Bonds
On May 18, 2026, the board of ME2ON decided to cancel KRW 4,234,711,528 (face value) of its 3rd unsecured private convertible bonds
Purpose: Eliminate dilution risk from conversion and enhance shareholder value
Scheduled cancellation date: May 26, 2026
Of the KRW 9 billion issued in Nov 2024, KRW 4.5 billion already converted; KRW 4,234,711,528 repurchased via call option by the company and now to be cancelled
Remaining KRW 265,288,472 subject to a third party’s call option and expected to convert into common shares
KOSDAQ Filing Information
Filing: Other Management Matters (Voluntary Disclosure) (Decision on Cancellation of Own Debentures (3rd Convertible Bonds))