SUNIC SYSTEM Fully Acquires and Cancels 1st Series Convertible Bond Following Put Option Exercise, Eliminating Potential Dilution
On June 22, 2026, SUNIC SYSTEM acquired and fully cancelled the entire outstanding amount of its 1st series unregistered, zero-coupon, unsecured private convertible bond after the bondholder exercised a put option, using its own funds totaling approximately 344,119 KRW.
This acquisition and cancellation eliminates the potential dilution from conversion of the bond, but the amount is negligible relative to SUNIC SYSTEM's market capitalization, resulting in a limited practical impact on stock price and shareholder value.
[AI Summary]SUNIC SYSTEM has retired a small convertible bond early, removing a potential dilution factor, but the amount is extremely small compared to its market cap, thus the impact on shareholder value is minimal. While there have been previous conversions and conversion price adjustments, this transaction was resolved with internal funds without financial burden, but its market influence is low.
KOSDAQ Filing Information
Acquisition of Convertible Bonds (Including Overseas Convertible Bonds) Before Maturity After Issuance