Bitplanet Decides to Issue Convertible Bonds - Includes Put and Call Options
- Bitplanet decides to issue convertible bonds (board resolution date: 2026-05-14)
- Conversion price set at or above the higher of (1) arithmetic average of 1-month, 1-week, and latest day weighted average stock prices before board resolution and (2) latest day weighted average price
- Bondholders granted put option: exercisable every 3 months from 18 months after issuance, with annual compound yield of 2.0%
- Issuer granted call option: exercisable every month from 12 to 23 months after issuance, with annual compound yield of 2.5% (limited to 30% of each bondholder's initial investment)
- Largest shareholder and related parties' call exercise limited to their shareholding ratio at issuance
- Bondholders must hold 30% of their initial investment unconverted until end of call period
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KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)
- Company: BITPLANET (049470)
- Submission: BITPLANET Co.,Ltd.
- Receipt: 05-14-2026