HLB Innovation Decides to Issue Convertible Bonds (with Put and Call Options)
- Decided to issue convertible bonds (CB) to 12 private funds. Specific issuance amount and conversion price not disclosed.
- Bondholders can exercise a put option from 18 months after issuance, quarterly. Early redemption yield is 2.0% compounded quarterly.
- Granted a call option to two specific investors (Investor1 16%, Investor2 8%) covering 24% of the issuance amount. Exercise price adds a 1.0% simple interest premium; exercise period is 12-24 months after issuance.
- Call option takes precedence over put option.
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KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)
- Company: HLB innoVation (024850)
- Submission: HLB innoVation Co.,Ltd.
- Receipt: 05-06-2026