Decision to Issue Convertible Bonds - Put Option Available After 1 Year, Transfer Restricted for 1 Year
- The company decided to issue convertible bonds for financing purposes, but specific terms such as issuance size and conversion price were not disclosed.
- Bondholders can exercise a put option every 3 months starting 12 months after issuance, with early redemption at 100% of face value.
- Transfer of bonds is restricted within the first year without company consent, and cannot be transferred to more than 50 persons.
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KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)
- Company: GemVax & KAEL (082270)
- Submission: GemVax & KAEL Co.,Ltd.
- Receipt: 04-29-2026