Sonokong Amends Self-CB Sale Schedule, No Change in Fundraising Size
Sonokong amended the payment schedule for the sale of its self-owned convertible bonds, originally announced on June 23, 2026. Instead of receiving the full balance of 139,585,050 KRW on June 29, the company will now receive an interim payment of 79,585,050 KRW on June 29 and the final balance of 60,000,000 KRW on June 30.
The revision was made in agreement with the buyer, In the Money Co., and does not change the total sale amount of 154,585,050 KRW or the terms of the convertible bonds. The maximum dilution of 45,385 shares 0.34% of outstanding shares based on a conversion price of 3,305 KRW remains unchanged.
Additional board minutes and CEO confirmation dated June 29 were attached to strengthen procedural legitimacy.
[AI Summary]This amendment is a routine schedule adjustment with no impact on the underlying transaction's financial terms. The dilution remains minimal at 0.34% and the counterparty's weak financials do not introduce new risks. Investors should view this as a confirmation of the existing disclosure.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Sale of Self-Convertible Bonds)