KRW 5 Billion Convertible Bond Issuance with Conversion Price at KRW 3,615 (91% Premium to Market)

Issuance of KRW 5 billion in 17th series unsecured private convertible bonds, conversion price at KRW 3,615 (minimum adjusted price KRW 2,892)
Conversion shares: 1,383,125 shares (5.55% of 23,544,899 outstanding shares); funds fully used for facility investment in Bitcoin mining equipment
Coupon rate 0%, maturity yield 2%, redemption rate 110.4141% (maturity June 10, 2031)
Issuer has a call option for up to KRW 1.5 billion (30%) from 12 months to 23 months after issuance; bondholders have put option after 18 months
Bondholder: NR Capital Holding Company Limited (Hong Kong), capital KRW 1.48 billion, no financials disclosed for fiscal year 2025

05-21-2026 04:31 PM
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
Company: BITPLANET (049470)
Submission: BITPLANET Co.,Ltd.