JS Link Announces 5 Billion Won 18th Series Convertible Bond Issuance, Conversion Price Set at 35,612 Won, Minimal Dilution for Facility Investment
JS Link decided on June 23, 2026 to issue 5 billion won in 18th series unregistered unsecured private convertible bonds.
The conversion price is set at 35,612 won, resulting in the issuance of 140,402 new shares representing 0.40% of outstanding shares, indicating minimal dilution.
All 5 billion won raised will be used for facility investments including permanent magnet production equipment and NGS dielectric analysis equipment.
Bondholders can exercise a put option after 12 months from issuance, while the issuer holds a call option for part of the bonds.
Including existing outstanding convertible bonds, total potential dilution reaches 13.78%, creating a long-term overhang risk.
[AI Summary]JS Link's 5 billion won convertible bond issuance causes only small dilution but adds to existing large convertible bond overhang. Funds are allocated to production facility investments supporting growth. Short-term share price impact is limited, but long-term dilution risk from outstanding CBs and possible downward conversion price adjustments warrant attention.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)