SOFTCEN Acquires 1 Billion KRW of Its 11th Convertible Bonds Before Maturity, Future Treatment Undecided
SOFTCEN acquired 1 billion KRW face value of its 11th series convertible bonds over-the-counter on July 16, 2026, for a total of approximately 1.078 billion KRW including interest.
The acquisition was agreed with bondholders, and the future treatment of the acquired bonds has not been decided by the board yet.
The conversion price of the 11th series was adjusted to 2,215 KRW due to a stock split, which is above the current stock price of 916 KRW, making conversion unlikely.
After the acquisition, the remaining face value of the convertible bonds is 6 billion KRW.
[AI Summary]SOFTCEN's early acquisition of convertible bonds with internal funds reduces debt, but the conversion price is above market, so dilution risk is low. The eventual treatment of the acquired bonds, whether cancellation or holding, will impact shareholder value.
KOSDAQ Filing Information
Acquisition of Convertible Bonds (Including Overseas Convertible Bonds) Before Maturity After Issuance (11th Series)