Moadata Decides to Acquire 3.25 Billion Won of 11th Convertible Bonds Before Maturity, Reducing Potential Dilution by 6.48%
Moadata decided on July 10, 2026, through a board resolution to acquire 3.25 billion won out of its 5 billion won 11th series unsecured private convertible bonds before maturity via over-the-counter purchase.
The acquisition amount is 3,433,066,000 won including principal and interest, to be funded by internal resources and borrowings. After acquisition, the remaining convertible bonds amount to 1.75 billion won.
The conversion price is 1,379 won per share, and the shares issuable upon conversion of the acquired bonds total 2,356,780 shares, representing 6.48% of total outstanding shares. This acquisition significantly reduces potential dilution risk.
The acquired bonds will be either canceled or resold as determined by a future board resolution. The seller is QCP New Technology Investment Fund 28, a professional investment vehicle managed by Q Capital Partners.
[AI Summary]Moadata's pre-maturity acquisition of convertible bonds reduces potential dilution from 6.48% to 3.49%, positively impacting shareholder value. While the use of borrowings for funding increases financial leverage, the reduction in debt and interest expenses offers offsetting benefits. A future decision to cancel the acquired bonds could further support stock price.
KOSDAQ Filing Information
Report On Major Events (Decision On Acquisition Before Maturity Of Self-Convertible Bonds)