FNC Entertainment Issues 4th CB Worth 120 Billion Won... Potential Dilution 53.3%
- FNC Entertainment (FNCENT) decided to issue the 4th private unsecured convertible bond (CB) worth 120 billion won. Subscription/payment date: May 19, 2026, maturity: May 19, 2031.
- Conversion price is 4,638 won, conversion period from May 19, 2028 to April 19, 2031. Shares to be issued upon conversion: 2,587,322 shares.
- Put option (bondholder) and call option (company) exercisable from May 19, 2027 and every 3 months thereafter. Company's sell-down right up to 34.28% of total amount exercisable from May 19, 2027 to April 19, 2031.
- Existing outstanding CBs of 20.343 billion won (conversion shares: 5,616,400) plus new CB result in total potential diluted shares of 8,203,722, representing 53.30% dilution relative to current outstanding shares of 15,392,808.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: FNC ENTERTAINMENT (173940)
- Submission: FNC ENTERTAINMENT Co., Ltd.
- Receipt: 05-11-2026