Canvas N Amends Schedule for 8th Convertible Bond, Payment Delayed to August 19
This amendment is an administrative correction that adjusts related schedules including maturity, interest payment dates, conversion period, and early redemption dates due to the postponement of the payment date for the 8th unsecured private convertible bond issuance of 3 billion KRW from July 20, 2026 to August 19, 2026, as originally decided on January 22, 2026.
Key financial terms remain unchanged: conversion price at 1,767 won, coupon rate 2%, maturity yield 7%, and the counterparty S-G Future Vision 2.
Combined with five existing outstanding convertible bonds totaling 19 billion KRW, total potential diluted shares stand at 10,863,392, representing a dilution ratio of 44.82% relative to outstanding shares. This amendment does not introduce any additional shareholder dilution or financial impact.
[AI Summary]The schedule adjustment for Canvas N's 8th convertible bond issuance is purely administrative following the payment delay, with no change to previously disclosed risk factors including the massive potential dilution of 44.82% and the possibility of downward conversion price adjustments. Investors should continue to weigh the high dilution burden and opacity of fund usage.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)