Decision to Resell Self-Acquired Convertible Bonds for Operating Funds… Payment Delayed and Conversion Price Adjusted
Company decided to resell its self-acquired 22nd series unsecured private convertible bonds worth 3 billion KRW to Queen's Mezzanine 1ho (1.5B) and BS Partners (1.5B) for operating funds
Balance payment date postponed from May 28, 2026 to June 15, 2026, with a change in buyer (Song Jun replaced by BS Partners)
Conversion price adjusted from 1,074 to 2,148 won due to 2:1 stock split, reducing convertible shares to 1,396,648 (5.16% of total shares)
Company incurred a small loss as it acquired the bonds at ~3.146 billion won (principal+interest) but resells at 3 billion won
[AI Comprehensive Analysis]This resale of convertible bonds is a means to raise operating funds without additional dilution, but the small loss on the transaction and the conversion price being above the current market price (1,550 won) limit its immediate impact on the stock price. It is assessed as a mild negative event for funding purposes.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Sale of Self-Convertible Bonds)