This is an amended filing
CSA COSMIC CO., LTD. Payment date for KRW 5.1 billion 5th convertible bonds pushed to 2026.12.22, call option added
CAI summary · Not investment advice
The payment date for CSA COSMIC CO., LTD.'s KRW 5.1 billion 5th convertible bonds, decided in June, moved from 2026.10.30 to 2026.12.22. A call option on up to 50% of the bonds was added.
Total face value
KRW 5.1 billion
16.35% of total shares · 97.17% incl. outstanding bonds
Key facts
- Working capital
- KRW 5.1 billion
- Conversion price per share
- KRW 1,483To be finalised using the weighted average price of the 3 trading days before actual payment
- Conversion period
- Dec 22, 2027 – Nov 22, 2029Previously 2027.10.30 ~ 2029.09.30
- Coupon rate
- 1%
- Bond type
- 5th unsecured private convertible bonds
- Yield to maturity
- 2%
- Maturity date
- Dec 22, 2029Changed from 2029.10.30
- First put date
- Dec 22, 2027Every 3 months thereafter
- Call option limit
- Up to 50% of the bonds' issue amountAdded by this correction · monthly from 2027.12.23 to 2028.11.23
- Subscriber
- An investment partnershipRelated party (previously not stated)
- Payment date
- Dec 22, 2026Changed from 2026.10.30
- Board resolution date
- Jun 11, 2026
Commentary
AI commentary · Not investment advice
What happened
CSA COSMIC amended the terms of its 5th convertible bonds, decided in June. Convertible bonds are bonds that can later be turned into shares. The issue is KRW 5.1 billion, for working capital. The payment date moved from 2026.10.30 to 2026.12.22. The maturity date also moved to 2029.12.22. An investment partnership will take all the bonds and is now listed as a related party. A call option (the company's right to take back the bonds) was also added.
In the company's terms
The conversion price is KRW 1,483. Full conversion would create 3,405,259 new shares, or 16.35% of total shares. Including KRW 26.0 billion of other outstanding convertible bonds, the figure is 97.17% of shares in issue. The remaining issuance limit under the articles is KRW 163.0 billion.
What changes for shareholders
Conversion can be requested from 2027.12.22 to 2029.11.22. Because payment was delayed by more than a month, the price will be reset using the 3 trading days before payment. If the share price falls, the conversion price can drop to as low as KRW 1,039. Holders may ask for early repayment every 3 months from 2027.12.22. The company or its designee may take back up to 50% of the bonds monthly from 2027.12.23 to 2028.11.23. Holders who keep the bonds to maturity receive 103.0838% of principal.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.162026.10.16 | [Amended] Material Event Report | 14,218,010 shares · Shares outstanding before offering: 17,424,159 · changed from 11,727,912 |
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