Decision to Cancel KRW 4.2 Billion of 3rd Convertible Bonds
- On May 18, 2026, the board of ME2ON decided to cancel KRW 4,234,711,528 (face value) of its 3rd unsecured private convertible bonds
- Purpose: Eliminate dilution risk from conversion and enhance shareholder value
- Scheduled cancellation date: May 26, 2026
- Of the KRW 9 billion issued in Nov 2024, KRW 4.5 billion already converted; KRW 4,234,711,528 repurchased via call option by the company and now to be cancelled
- Remaining KRW 265,288,472 subject to a third party’s call option and expected to convert into common shares
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KOSDAQ Filing Information
- Filing: Other Management Matters (Voluntary Disclosure) (Decision on Cancellation of Own Debentures (3rd Convertible Bonds))
- Company: ME2ON (201490)
- Submission: ME2ON CO., LTD
- Receipt: 05-18-2026
- Under KRX KOSDAQ Market Division