Amendment: Moadata Delays Payment for 3.25 Billion Won CB Pre-Maturity Acquisition to August 11 and Adds Joint Guarantee
Moadata has filed an amendment to its previous disclosure regarding the acquisition of 3.25 billion won out of its 5 billion won 11th series unregistered unsecured private convertible bonds before maturity.
The amendment changes the payment date from July 24, 2026 to August 11, 2026, and adds a joint guarantee due to the date change. The added collateral includes assets such as deposits and receivables of 6.8 billion won, treasury bonds of 11.25 billion won, related party shares of 0.59 billion won, and land and buildings of 6.793 billion won, totaling 25.433 billion won.
After the acquisition, the remaining convertible bonds amount to 1.75 billion won, and the potential dilution risk remains reduced from 6.48% to 3.49%. The acquired bonds are planned to be either cancelled or resold through a future board resolution.
[AI Summary]This amendment is a procedural filing that adjusts the payment schedule and adds a joint guarantee to secure the transaction. There is no material impact on shareholder value, and the dilution reduction benefit from the CB acquisition remains unchanged. The additional collateral enhances transaction safety.
KOSDAQ Filing Information
[Correction of Description] Report on Major Events (Decision on Pre-Maturity Acquisition of Convertible Bonds)