Issuance of 100B KRW Bonds with Warrants at 267,747 KRW (7.7% Premium)
- Park Systems decides to issue 100 billion KRW worth of unregistered, unguaranteed, private placement bonds with warrants (BW) with 0% coupon and maturity in 2056.
- Warrant exercise price set at 267,747 KRW (7.7% premium to current price of 248,500 KRW), fully diluted shares of 373,486 (5.34% of outstanding).
- Use of funds: facility investment 40 billion, operating (AFM technology development) 20 billion, acquisition of securities 40 billion (to be disclosed later).
- Private placement to Kiwoom Securities (50 billion) and NV Mezzanine Growth Equity Private Investment Fund (50 billion).
- Issuer has a call option from June 2027 for 3 years, exercisable quarterly up to 20% of principal at 100% of face value.
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KOSDAQ Filing Information
- Filing: Report on Major Event (Decision on Issuance of Bonds with Warrants)
- Company: Park Systems (140860)
- Submission: Park Systems Corp.
- Receipt: 05-21-2026