SK hynix Decides to Issue 17.79 Million New Shares for Nasdaq ADR Listing to Expand Global Investor Base and Fund Major Facility Investments
SK hynix has decided to list ADRs on the Nasdaq Global Select Market by issuing up to 17.79 million new shares, representing approximately 2.5% dilution. The new shares will be deposited with Citibank as depositary, and domestic investors are not eligible to participate.
The proceeds will be used for facility investments including the Yongin semiconductor cluster Phase 1 fab, Cheongju P&T7 advanced packaging fab, and acquisition of advanced equipment such as EUV scanners.
ADRs will be issued at a ratio of 10 ADRs per underlying share, totaling 177.9 million ADRs. The expected listing date is July 10, 2026. This listing aims to broaden the global investor base and enhance shareholder value.
[AI Summary]The approximately 2.5% dilution from the new share issuance may put short-term pressure on the stock price, but the investment in semiconductor capacity expansion is expected to strengthen long-term profitability. Moreover, increased accessibility for international investors through the Nasdaq listing is a positive factor.
KOSPI Filing Information
Report on Major Events (Decision on Listing of Equity Securities on Overseas Securities Market)