Correction Announcement for Convertible Bond Issuance Decision - Key Terms and Options
- Itcen Global announced a correction for its decision to issue zero-coupon convertible bonds (issue date 2026.05.08).
- Correction details: Clarification of interest payment method and adjustment of conversion period end date by 2 days (from 2031.05.01 to 2031.04.29).
- Put Option: Bondholders can request early redemption every 3 months from 2 years after issuance (2028.05.08) to maturity, at a redemption price of principal plus 1% compound annual interest.
- Call Option: Issuer can call up to 24.62% of the principal every 3 months from 1 year (2027.05.08) to 3 years (2029.05.08) after issuance, at a price of principal plus 2% compound annual interest.
- Default interest rate: 15% per annum (compound).
- Use of funds: Repayment of P-CBO and secured loans (general operating funds).
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: ITCENGLOBAL (124500)
- Submission: ITCENGLOBAL CO.,LTD.
- Receipt: 05-08-2026