KRW 5 Billion Convertible Bond Issuance with Conversion Price at KRW 3,615 (91% Premium to Market)
- Issuance of KRW 5 billion in 17th series unsecured private convertible bonds, conversion price at KRW 3,615 (minimum adjusted price KRW 2,892)
- Conversion shares: 1,383,125 shares (5.55% of 23,544,899 outstanding shares); funds fully used for facility investment in Bitcoin mining equipment
- Coupon rate 0%, maturity yield 2%, redemption rate 110.4141% (maturity June 10, 2031)
- Issuer has a call option for up to KRW 1.5 billion (30%) from 12 months to 23 months after issuance; bondholders have put option after 18 months
- Bondholder: NR Capital Holding Company Limited (Hong Kong), capital KRW 1.48 billion, no financials disclosed for fiscal year 2025
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: BITPLANET (049470)
- Submission: BITPLANET Co.,Ltd.
- Receipt: 05-21-2026