13th BW Issuance of 15.5 Billion KRW, Exercise Price at Deep Discount of 1,881 KRW / Dilution Risk of 34.5%
- Autech corrected the 13th series unsecured public offering of separable bonds with warrants, reducing the issuance amount from 20 billion to 15.516 billion KRW
- Exercise price of warrants finalized at 1,881 KRW, representing approximately 51% of current market price (3,680 KRW), a significant discounted issuance
- Full exercise of warrants would issue up to 8,248,803 new shares, potentially diluting existing shareholders by 34.5%
- All proceeds (15.516 billion KRW) will be used to acquire securities of subsidiary CRK to improve its financial structure
- Bond carries 4.0% coupon and YTM, maturity on Jan 12, 2031, with put option exercisable from 18 months after issuance
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Bonds with Warrants)
- Company: Autech (067170)
- Submission: Autech Corporation
- Receipt: 05-21-2026