KRW 10 Billion Convertible Bond Issuance Decision... 21% Dilution upon Conversion and Put Option
- Paratech has decided to issue KRW 10 billion worth of 4th series unregistered, interest-bearing, unsecured private convertible bonds.
- The conversion price is KRW 911, and upon conversion, 10,976,948 shares will be issued, equivalent to 21.01% of total outstanding shares.
- In case of market price decline, the minimum adjusted conversion price is KRW 638, indicating potential additional dilution if the stock price falls.
- Bondholders can exercise a put option after one year, with a early redemption yield of 3.0% per annum.
- Of the proceeds, KRW 7 billion is intended for acquisition of other company securities (counterparty undecided), and KRW 3 billion for operational funds.
- Combined with the previously issued 3rd series convertible bonds (KRW 10 billion, conversion price KRW 1,137, 14.41% dilution upon conversion), total dilution reaches 35.42%.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: Paratech (033540)
- Submission: Paratech Company Limited
- Receipt: 05-20-2026