Correction of Convertible Bond Issuance Decision: Increased Dilution Concerns
- Convertible bond issuance amount reduced from KRW 2B to KRW 1.5B (correction)
- Conversion price: KRW 1,303, new conversion shares: 1,151,189 (3.73% of outstanding shares)
- Total convertible shares including existing CBs: 19,359,309 (65.19% of outstanding), raising major dilution concerns
- Purpose: operating funds
- Includes put option (early redemption) and call option (up to 30% of issuance, yield 7%)
- Expected negative impact on stock price
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: Nexa Dynamics (351320)
- Submission: Nexa Dynamics Co., Ltd.
- Receipt: 04-30-2026