Haisung Aero-Robotics faces lawsuit to nullify 20 billion won convertible bond issuance, company denies debt relationship and plans active defense

A creditor identified as Choi has filed a lawsuit with the Incheon District Court seeking a declaration that the issuance of 20 billion won in unregistered unsecured private convertible bonds resolved by the board on May 19, 2026, is null and void.
Haisung Aero-Robotics states it has no debt relationship with the claimant and plans to actively respond once the complaint is served.
If the convertible bonds are upheld, the potential dilution could reach up to 27.5% of the current market capitalization, posing a significant risk to existing shareholders.
The company will immediately disclose any further developments.
[AI Summary]Haisung Aero-Robotics faces a lawsuit to nullify a 20 billion won convertible bond issuance. Although the company denies any debt relationship, the outcome could severely impact its capital structure, creating a key risk factor. Investors should closely monitor the litigation and the validity of the convertible bonds.