15 Billion Won Convertible Bond Issuance, Dilution of 26.05% of Existing Shares
- DAEJIN ADVANCED MATERIALS decided to issue the 10th series unregistered, unsecured private convertible bonds worth 15 billion won.
- Conversion price is 3,226 won, 14.2% higher than the current stock price (2,825 won), and 4,649,721 new shares (26.05% of outstanding shares) will be issued upon conversion.
- Conversion period is from June 19, 2027 to May 19, 2029, with coupon rate 0.0% and yield to maturity 4.0%.
- All proceeds (15 billion won) will be used for operating funds (e.g., payment for goods).
- Combined with existing 9 convertible bonds (total 24.8 billion won), the potential dilution reaches 43.52% of outstanding shares.
- Bondholders have a put option, and the issuer has a call option covering up to 30% of the bonds.
- Due to the investor's request, the payment date and maturity date were postponed to June 19, 2026 (originally May 20, 2026).
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: DAEJIN ADVANCED MATERIALS (393970)
- Submission: DAEJIN ADVANCED MATERIALS Inc.
- Receipt: 05-20-2026