Early acquisition and full cancellation of 7th series CB worth 10.1 billion won
JW SHINYAK CORPORATION exercised its call option to acquire all of its 7th series unregistered unsecured private convertible bonds (issued 2024-11-22, conversion price 2,000 won, maturity 2054-11-22, face value 10 billion won) for 10.1375 billion won (including interest) and plans to cancel them entirely
Acquisition date is 2026-05-22, funded with internal funds, bonds will be delisted from KSD after acquisition
This action eliminates potential equity dilution from conversion (conversion price 2,000 won vs current price 1,583 won) and reduces debt, improving capital structure
KOSDAQ Filing Information
Filing: Acquisition of Convertible Bonds (Including Overseas Convertible Bonds) Before Maturity After Issuance