Acquisition and Cancellation of KRW 69.3 Billion Exchangeable Bonds Before Maturity
- Kakao Games decided to acquire and cancel part of its 2nd series unregistered, uncertificated, unsecured private exchangeable bonds (issued 2024-08-19, maturity 2029-08-19) before maturity
- The acquisition covers face value of KRW 67.5 billion (purchase price approx. KRW 69.3 billion, using own funds), with acquisition date 2026-05-20
- After acquisition, remaining face value of exchangeable bonds is approximately KRW 139.8 billion
- Reason for acquisition: separate agreement with bondholder; bonds will be cancelled at Korea Securities Depository
- The exchange price of the bonds is KRW 324,027, significantly higher than the current stock price (KRW 10,310), making conversion unlikely
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KOSDAQ Filing Information
- Filing: Acquisition of Exchangeable Bonds (Including Overseas Exchangeable Bonds) Before Maturity after Issuance
- Company: Kakao Games (293490)
- Submission: Kakao Games Corp.
- Receipt: 05-20-2026
- Under KRX KOSDAQ Market Division