13th BW Issuance of 15.5 Billion KRW, Exercise Price at Deep Discount of 1,881 KRW / Dilution Risk of 34.5%
Autech corrected the 13th series unsecured public offering of separable bonds with warrants, reducing the issuance amount from 20 billion to 15.516 billion KRW
Exercise price of warrants finalized at 1,881 KRW, representing approximately 51% of current market price (3,680 KRW), a significant discounted issuance
Full exercise of warrants would issue up to 8,248,803 new shares, potentially diluting existing shareholders by 34.5%
All proceeds (15.516 billion KRW) will be used to acquire securities of subsidiary CRK to improve its financial structure
Bond carries 4.0% coupon and YTM, maturity on Jan 12, 2031, with put option exercisable from 18 months after issuance
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Bonds with Warrants)