Disclosure
SAI summary · Not investment advice
Sawnics decided to issue a KRW 10 billion private placement convertible bond to fund facilities and operations, with a conversion price of KRW 4,813.
Commentary
AI commentary · Not investment advice
What happened
Sonics decided to issue a KRW 10.0 billion privately placed convertible bond. The board resolved on 2026.10.29, and both the subscription date and the payment date are 2026.11.09. The proceeds are earmarked as KRW 3.0 billion for facilities and KRW 7.0 billion for operating funds. The coupon rate is 0.0%, and the bond matures on 2026.11.09 plus the stated term, specifically 2031.11.09.
In the company's terms
The conversion price is KRW 4,813, and the number of shares to be issued upon conversion is 2,077,706. That equals 10.72% of the total shares outstanding. The issue size is 11.8% of market capitalization as disclosed. The first early redemption payment date is 2029.02.09, and the call option exercise limit is 30%.
What changes for shareholders
The conversion request period runs from 2027.11.09 to 2031.10.09. If conversion is requested, new shares are issued accordingly, and the materials put that scale at 10.72% of total shares outstanding.
Show Korean comments
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist