Acquisition and Cancellation of KRW 69.3 Billion Exchangeable Bonds Before Maturity
Kakao Games decided to acquire and cancel part of its 2nd series unregistered, uncertificated, unsecured private exchangeable bonds (issued 2024-08-19, maturity 2029-08-19) before maturity
The acquisition covers face value of KRW 67.5 billion (purchase price approx. KRW 69.3 billion, using own funds), with acquisition date 2026-05-20
After acquisition, remaining face value of exchangeable bonds is approximately KRW 139.8 billion
Reason for acquisition: separate agreement with bondholder; bonds will be cancelled at Korea Securities Depository
The exchange price of the bonds is KRW 324,027, significantly higher than the current stock price (KRW 10,310), making conversion unlikely
KOSDAQ Filing Information
Filing: Acquisition of Exchangeable Bonds (Including Overseas Exchangeable Bonds) Before Maturity after Issuance