KODI has adjusted the exercise price of its 17th series bond with warrants BW from 5,595 KRW to 5,155 KRW due to a decline in market price.
The adjustment increases potential exercisable shares from 813,226 to 882,638 shares, an increase of approximately 8.5%, potentially deepening dilution for existing shareholders.
This adjustment was made automatically without a separate board resolution, applying the minimum adjustment limit of 5,155 KRW.
[AI Summary]The BW exercise price adjustment by KODI is an automatic response to market price decline, increasing potential share count and diluting existing shareholder value. However, as it does not involve new capital raising, the direct impact on stock price is limited.
KOSDAQ Filing Information
Adjustment of Exercise Price of Stock Subscription Rights