Aptn Corrects Convertible Bond Terms - Reduced Size, Higher Conversion Price
- Convertible bond issuance scale corrected: total face value reduced from 14,936M won to 7,600M won; conversion price raised from 1,423 won to 1,870 won (reflecting 10:1 stock consolidation)
- Number of new shares upon conversion decreased from 10,496,090 to 4,064,171, but ratio to outstanding shares increased from 5.34% to 20.67% due to reduced shares outstanding
- Issuance targets: largest shareholder (주)Aprogen (7.5B won) and affiliate Aprogen Pharma (0.1B won) via private placement
- Use of proceeds: operating funds of 7.6B won for new business and R&D
- Put option: early redemption exercisable monthly from 1 year after issuance, with yield of 3.0% per annum
- Existing outstanding CBs: total principal 91,868M won, potential dilution 60.13% of outstanding shares
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: APTN (270520)
- Submission: APTN Inc.
- Receipt: 05-13-2026