Jolse Acquires and Cancels 1.2 Billion Won of 35th Convertible Bonds Before Maturity, Eliminating Dilution Risk
Jolse decided on July 10, 2026 to acquire all of its 35th unsecured private convertible bonds worth 1.2 billion won before maturity. The acquisition amount including accrued interest is approximately 1.274 billion won, financed through internal funds.
The bonds will be purchased over-the-counter from four individual investors and subsequently cancelled in full. This extinguishes conversion rights and completely eliminates dilution risk from potential share conversion.
The conversion price of the bonds was 2,100 won, far above the current stock price of 1,099 won. The cancellation removes approximately 571,000 potential shares that could have been issued, protecting existing shareholders from dilution.
[AI Summary]Jolse voluntarily acquired and cancelled convertible bonds before maturity, eliminating dilution risk and strengthening its balance sheet. While the cash outflow from internal funds represents a cost, the removal of dilution concerns and interest expenses is expected to positively impact shareholder value.
KOSDAQ Filing Information
Report On Major Events (Decision On Acquisition Before Maturity Of Self-Convertible Bonds)