Neotis Corrects Rights Issue Conversion Price, Applies 3.2% Premium
- Neotis corrected its rights issue filing, raising the issuance/conversion price of third-party allotted convertible preferred shares from KRW 27,199 to KRW 28,057 (premium rate 0%→3.2%).
- Use of proceeds: total KRW 8.57 billion for operating funds (raw material pre-purchase); KRW 4.0bn in 2026, KRW 4.57bn in 2027.
- Convertible preferred terms: conversion period from 1 year after issuance (2027.06.06) within 5-year term, conversion price KRW 28,057; quarterly market price adjustment (floor 80%, ceiling initial conversion price).
- Shareholder return: 1% cumulative participating preference dividend on par value; company holds call option on up to 10% at IRR 1% after 1 year.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: NEOTECHNICALSYSTEMCO (085910)
- Submission: NEOTECHNICALSYSTEMCO.,LTD
- Receipt: 05-13-2026