Conversion Price Adjustment for CB (Market Decline)


  • Conversion price of 3rd unlisted CB lowered from 8,509 won to 7,165 won (adjustment rate: 15.8%)
  • Based on outstanding balance of 30 billion won, convertible shares increased from 3,525,678 to 4,187,020
  • Reason: contractual adjustment due to market price decline (based on higher of arithmetic average of 1-month, 1-week, and latest day VWAP, and latest day VWAP)
  • Minimum adjustment floor: 5,957 won (70% of issue price); final price rounded up to nearest won
  • Effective date: 2026-04-08; automatic adjustment without board resolution
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KOSDAQ Filing Information


  • Filing: Adjustment of Conversion Price (3rd Tranche)
  • Company: HLB Pep (196300)
  • Submission: HLB Pep Co., Ltd.
  • Receipt: 04-08-2026
  • Under KRX KOSDAQ Market Division