Laserssel Amends Convertible Bond Terms: Removes Refixing Clause and Adds Compensation Provision
On July 20, 2026, Laserssel filed a correction to its January 15, 2026 major disclosure on the issuance of 3rd convertible bonds.
The key amendment removes the existing refixing clause for downward adjustment of the conversion price and introduces a new provision granting an additional compensation of 100 million KRW if the stock price falls below the conversion price of 1,765 won and bondholders exercise their put option.
The amendment was agreed with the bondholder, and the minimum adjusted conversion price of 1,236 won has also been deleted.
Major terms of the bond remain unchanged: principal amount 2 billion won, conversion price 1,765 won, and conversion shares of 1,133,144 shares.
The company intends to use the entire 2 billion won raised to repay its 2nd convertible bonds.
[AI Summary]This amendment reduces dilution risk by removing the refixing clause, but introduces a potential liability of 100 million won, resulting in a neutral impact. The existing dilution risk of 8.70% from the convertible bonds remains, and the immediate financial shock to the market is limited.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)