Decision to issue KRW 10 billion of 3rd unregistered, interest-bearing, unsecured private placement convertible bonds (coupon rate 4.0%, maturity June 10, 2029)
Conversion price set at KRW 2,802, representing an approximately 7.8% premium over the closing price of KRW 2,600 on the decision date
Conversion will result in 3,568,879 new shares (5.9% dilution of total outstanding shares of 57,088,614)
Put option granted: holders may demand early redemption at 100% of principal every 3 months starting from June 10, 2027 (one year after issuance)
Use of proceeds: KRW 10 billion for acquisition of securities of other corporations (target not yet determined, to be disclosed later)
Allottees: Spatial Investment Co., Ltd. KRW 5 billion (a related party of the largest shareholder Satoshi Holdings), and Hitpark Co., Ltd. KRW 5 billion
KOSDAQ Filing Information
Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)