CrowdWorks Corrects Convertible Bond Terms for Electronic Registration, No Financial Impact
CrowdWorks submitted a correction on July 13, 2026 regarding its 4 billion won second convertible bond issuance originally decided on July 3, 2026.
The correction adjusts interest payment dates to January 13, April 13, July 13, and October 13 each year and revises early redemption amounts from 103% to 108.25%, aligning with electronic registration requirements.
Key terms including issuance size, conversion price of 2,105 won, and dilution rate of 12% remain unchanged, with no impact on existing shareholder value.
[AI Summary]This correction is a mere administrative procedure with no financial impact. The existing 12% dilution risk from the convertible bond issuance and uncertainty over fund usage remain valid, potentially exerting downward pressure on the stock price.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)