Decision to Sell Self-Held Convertible Bonds Worth 4.238 Billion Won, Payment Date Postponed to June
Decision to sell self-held convertible bonds of 4 billion won (acquisition cost 4.236 billion won) for 4.238 billion won to FlorEn26 Union (3.5 billion won) and Kim Beom-sik (0.5 billion won); payment date postponed to June 22, 2026
Purpose of sale: operating funds and debt repayment
Conversion price of the bonds at 1,192 won per share; if converted, 3,355,704 new shares (4.32% of total outstanding shares) could be issued → potential equity dilution
Put option granted: bondholders can demand early redemption every 3 months at an annual compound rate of 6%
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Sale of Self-Convertible Bonds)