Mezzion Decides to Issue Convertible Bonds with Put/Call Options

Decision to issue convertible bonds (detailed terms such as issuance size and conversion price not disclosed)
Issuance targets: multiple private equity funds including Tiger Asset Management, Anda Asset Management, NH Hedge Asset Management, and GVA Asset Management
Put option (early redemption right): exercisable every 3 months from 24 months (May 12, 2028) to 57 months (Feb 12, 2031) after issuance, early redemption yield of 2% compounded annually
Call option: exercisable by the issuer every 3 months from 12 months (May 12, 2027) to 24 months (May 12, 2028) after issuance, yield of 3% compounded annually, limited to 20% of each underwriter's initial issuance amount
Underwriters must hold 20% of bonds (call option subject bonds) without conversion until the end of the call option period
Put option has priority over call option; mandatory holding obligation is void upon exercise of put option
Uncertain dilution effect and funding purpose due to undisclosed conversion price and other terms

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