JS Link Decides to Issue 5 Billion KRW Convertible Bonds for Facility Investment, Dilution Risk if Stock Price Falls
JS Link decided on June 17, 2026 to issue 5 billion KRW in 18th series unregistered unsecured private convertible bonds.
Compared to the initial filing, the maturity and payment dates were moved up from July 10 to June 25, and the minimum adjusted conversion price was lowered from 29,083 KRW to 24,929 KRW, increasing dilution risk if the stock price declines.
The conversion price is 35,612 KRW, a slight discount to the current price of 36,100 KRW, with a one-year conversion restriction.
Proceeds will be used for facility investment in permanent magnet production and NGS equipment for dielectric analysis, aimed at expanding production capacity.
[AI Summary]JS Link's 5 billion KRW convertible bond issuance aims to fund growth through facility investment, but the potential dilution from existing convertibles totals 13.5% of shares outstanding, posing a risk to shareholder value. The possibility of downward conversion price adjustments further adds to investment risk.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)