This is an amended filing
ADBIOTECH Co.,Ltd. 11th convertible bonds raised from KRW 5.5 billion to KRW 11.3 billion, 6.0% coupon, payment Nov 6
AAI summary · Not investment advice
ADBIOTECH Co.,Ltd.'s 11th convertible bonds, decided in June 2026, were raised from KRW 5.5 billion to KRW 11.3 billion with a 6.0% coupon. The conversion price is KRW 1,999.
Total face value
KRW 11.3 billion
Previously KRW 5.5 billion · 17.34% of total shares · 43.87% including outstanding bonds
Key facts
- Acquisition of other securities
- KRW 11.3 billionCounterparty and target not yet decided
- % of total shares
- 17.34%
- Conversion price per share
- KRW 1,999Changed from KRW 2,021
- Convertible shares
- 5,652,826 sharesPreviously 2,721,425 shares
- Conversion period
- Nov 6, 2027 – Oct 6, 2029
- Coupon rate
- 6.0%Changed from 0.0%
- Bond type
- 11th unregistered unsecured private convertible bonds
- Yield to maturity
- 6.0%Changed from 3.0%
- Maturity date
- Nov 6, 2029Changed from 2031.10.29
- Call option limit
- KRW 5.7 billion50% of the bonds · company or its designee
- First put date
- Nov 6, 2027
- Subscriber
- A new technology investment partnershipKRW 11.3 billion
- Payment date
- Nov 6, 2026Changed from 2026.10.29
- Collateral
- Junior beneficial interest or mortgage on real estate in Chuncheon and Songpa-guTo be provided after issuance · added in this correction
- Board resolution date
- Jun 26, 2026
Commentary
AI commentary · Not investment advice
What happened
ADBIOTECH raised its 11th convertible bonds, first decided in June 2026, from KRW 5.5 billion to KRW 11.3 billion. Convertible bonds can later be turned into shares. The bonds, which paid no interest, will now pay a 6.0% annual coupon. Maturity moves forward from 2031 to 2029.11.06, and the payment date moves back to November 6. The subscriber is a new technology investment partnership.
In the company's terms
The conversion price fell from KRW 2,021 to KRW 1,999 per share. Full conversion would create 5,652,826 new shares, or 17.34% of total shares, up from 9.17% before the correction. Including other unpaid convertible bonds, the figure is 11,822,268 shares, or 43.87% of shares in issue. The money will fund purchases of other companies' securities, but the targets have not been decided.
What changes for shareholders
The company or its designee may reclaim up to 50% of the bonds, worth KRW 5.7 billion, between 2027.11.06 and 2028.04.06 (a call option). Bondholders can ask for early repayment from 2027.11.06 (a put option). After issuance the company plans to pledge real estate in Chuncheon and Songpa-gu, Seoul, as collateral.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 1.0 billion |
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 2.0 billion · 4.84% of total shares · 36.42% including outstanding bonds |
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