Synergy Innovation Acquires 700 Million Won of 14th Convertible Bonds Before Maturity, Slight Reduction in Potential Dilution
Synergy Innovation acquired 700 million won face value of its 14th unsecured private convertible bond before maturity on June 23, 2026, using self-funds totaling 735.798 million won including interest, via an over-the-counter purchase.
The acquisition was exercised through the issuer's call option. The acquired bonds are expected to be cancelled following a board decision, thereby reducing potential dilution from conversion.
The conversion price of the acquired bonds is 2,109 won per share. Had they been converted, they would have added approximately 332,000 shares or 0.38% of outstanding shares. After the acquisition, the remaining face value of the convertible bond is 9.874 billion won.
The company previously announced a decision to cancel its 14th series convertible bonds on June 5, 2026, and this acquisition is a subsequent step.
[AI Summary]Synergy Innovation reduced its potential dilution risk by acquiring a portion of its convertible bonds, but the impact on the capital structure is limited due to the small size. The remaining balance of 9.874 billion won still poses a future dilution risk.
KOSDAQ Filing Information
Acquisition of Convertible Bonds (Including Overseas Convertible Bonds) Before Maturity After Issuance