Issuance of 100B KRW Bonds with Warrants at 267,747 KRW (7.7% Premium)
Park Systems decides to issue 100 billion KRW worth of unregistered, unguaranteed, private placement bonds with warrants (BW) with 0% coupon and maturity in 2056.
Warrant exercise price set at 267,747 KRW (7.7% premium to current price of 248,500 KRW), fully diluted shares of 373,486 (5.34% of outstanding).
Use of funds: facility investment 40 billion, operating (AFM technology development) 20 billion, acquisition of securities 40 billion (to be disclosed later).
Private placement to Kiwoom Securities (50 billion) and NV Mezzanine Growth Equity Private Investment Fund (50 billion).
Issuer has a call option from June 2027 for 3 years, exercisable quarterly up to 20% of principal at 100% of face value.
KOSDAQ Filing Information
Filing: Report on Major Event (Decision on Issuance of Bonds with Warrants)