Canvasn Corrects CB Issuance: Reduced Size and Lower Coupon
- The company corrected its previous decision to issue 7 billion won in convertible bonds, reducing the issuance amount to 4 billion won and lowering the maturity interest rate from 7% to 5%.
- The conversion price was adjusted downward from 1,767 won to 1,443 won, and the minimum adjusted price from 1,237 won to 1,011 won.
- The additional dilution ratio from the new CB decreased from 16.34% to 11.43% of outstanding shares, and the total dilution including existing CBs fell from 42.72% to 37.81%.
- Proceeds will be used for operating funds (content production). Payment date is May 7, 2026.
- The underwriter changed from KB Securities (as trustee for Pume General Private Investment Trust No.1) to Shinsa Brothers Co., Ltd.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: Canvas N (210120)
- Submission: Canvas N Co., Ltd.
- Receipt: 05-07-2026