EXICURE HITRON filed an amendment on June 30, 2026, to postpone the payment schedule of its 27th unregistered private convertible bond worth 10 billion won, originally decided on September 6, 2024.
The payment date is moved to December 30, 2026, and the maturity to December 30, 2029, each delayed by six months, with corresponding adjustments to the conversion period and early redemption schedule.
Key financial terms including conversion price of 684 won, coupon rate of 2.9%, and the counterparty JS Investment Fund remain unchanged. The potential dilution ratio relative to outstanding shares stays at 52.95%.
The purpose of funding for operating expenses such as labor and raw material costs is also unchanged.
[AI Summary]This amendment is a procedural delay of six months without altering any financial terms, having a neutral impact on existing shareholder value. However, the large potential dilution of approximately 53% remains effective, continuing long-term price pressure.
KOSPI Filing Information
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)