BITPLANET Amends Mining Equipment Acquisition Disclosure: Base Date Moved to July 24 with Added CEO Confirmation, No Change to Core Terms
BITPLANET amended its tangible asset acquisition disclosure on July 3, 2026, changing the acquisition base date from July 3, 2026 to July 24, 2026 and adding a representative director confirmation.
The amendment is for administrative reasons with no change to the transaction size or financing method. The 15.28 billion won mining equipment purchase is still funded via the 17th convertible bond issue and machine-backed loans.
The counterparty Orion Digital Limited has a minimal capital of 76.43 million won, raising credibility concerns, and the convertible bond conversion poses dilution risk for existing shareholders.
[AI Summary]This correction reflects procedural steps and does not alter the financial terms or conditions of the transaction. The dilution risk from the convertible bonds and the counterparty's low capital remain key investor concerns.
KOSDAQ Filing Information
[Correction of Description] Report on Material Fact (Decision on Acquisition of Tangible Assets)