B2En Cancels Sale of Self-Held Convertible Bonds Worth 8.45 Billion Won Due to Buyer Payment Delays, Avoiding Potential Dilution
B2En has withdrawn its decision to sell the 3rd, 4th, and 5th series of self-held convertible bonds, originally resolved on March 20, 2026.
The total face value of the convertible bonds was approximately 8.45 billion won, and the contract was terminated by mutual agreement due to repeated payment delays by the buyers.
This cancellation prevents the potential issuance of new shares from conversion, thereby avoiding dilution for existing shareholders.
The buyers' failure to meet payment schedules highlights counterparty risk and financial uncertainty.
[AI Summary]B2En's cancellation of the self-held convertible bond sale eliminates a potential 8.45 billion won share dilution risk. While this eases short-term overhang concerns, the failed capital raise may strain liquidity. Investors should monitor the company's future funding plans and strategic direction.
KOSDAQ Filing Information
Other Major Management Matters (Withdrawal of Decision to Sell Self-Convertible Bonds (Series 3, 4, 5))