Acquisition of Aprogen CB for 10 Billion Won - 7.83% of Equity
- N2TECH decided to acquire 10 billion won worth of 31st series unsecured private convertible bonds issued by its affiliate Aprogen in cash (7.83% of equity capital of 127.71 billion won)
- The CB has a conversion price of 5,350 won, coupon rate of 2%, yield to maturity of 4%, and maturity on May 29, 2031
- The conversion price is adjusted every 3 months, with a maximum downward adjustment to 70% of the initial conversion price
- Bondholders can demand early redemption every 3 months starting 1.5 years after issuance (put option)
- Aprogen is a loss-making company with a net loss of 140.57 billion won in 2025 on a consolidated basis
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KOSDAQ Filing Information
- Filing: Decision On Acquisition Of Bonds Related To Equity Securities (Voluntary Disclosure)
- Company: N2TECH (227950)
- Submission: N2TECH CO.,LTD
- Receipt: 05-21-2026
- Under KRX KOSDAQ Market Division