OptiCore Acquires All 5th Convertible Bonds Worth 3.7 Billion Won Before Maturity, Eliminating Dilution Risk
OptiCore Inc. announced on June 30, 2026 that its board resolved to acquire all of its 5th unsecured private convertible bonds with a face value of 3.7 billion won before maturity. The acquisition amount including interest is approximately 3.819 billion won, funded by internal cash.
The bonds had a conversion price of 3,428 won per share, which would have resulted in the issuance of 1,079,346 shares representing 4.23% of outstanding shares. The conversion price was adjusted from 1,714 won due to a 2-for-1 stock split in May 2026. This acquisition removes the dilution risk.
The acquired bonds will be either resold or cancelled as per future board decision. The seller is Itech Co., Ltd., which is not a related party.
[AI Summary]The company's voluntary purchase of deeply in-the-money convertible bonds protects existing shareholders from potential dilution. While this action improves capital structure, the use of internal funds may impact short-term liquidity.
KOSDAQ Filing Information
Report On Major Events (Decision On Acquisition Before Maturity Of Self-Convertible Bonds)