Xplus Inc. Widwin Investment Fund 94 reports new 12.34% stake via convertible bond call option
XAI summary · Not investment advice
Widwin Investment Fund 94 reported a new 12.34% stake in Xplus Inc. after acquiring part of a call option on its convertible bonds; the holding purpose is passive investment.
Stake
12.34%
New report
Key facts
- Reporting holder
- Widwin Investment Fund 94
- Report type
- New
- Reason for report
- New acquisition through a call option agreement
- Purpose of holding
- Passive investment
- Shares held
- 3,800,217 sharesCommon shares obtainable on conversion
- Method of change
- New acquisition through a call option agreement
- Reporting obligation date
- Oct 26, 2026
Commentary
AI commentary · Not investment advice
What happened
Widwin Investment Fund 94 reported a new 12.34% stake in Xplus Inc. It agreed to take over part of the call option that Xplus holds on its Series 7 convertible bonds. A call option here is the right to buy back the bonds at a set price. Convertible bonds are bonds that can later be turned into shares. The fund is paying KRW 770.0 million for the option.
In the company's terms
The option covers bonds with a total face value of KRW 7.0 billion. If converted, they would give 3,800,217 shares at KRW 1,842 per share. These are not shares yet, so they carry no voting rights. Xplus has 26,997,634 voting shares in total.
What changes for shareholders
The option can be used from September 30, 2027 to January 30, 2028. The KRW 560.0 million balance is due on September 30, 2027 or another agreed date. The stated purpose is passive investment, with no aim to influence management.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.10.302026.10.30 | An investment partnership | 6.48% | New |
| 26.10.292026.10.29 | Xperix Co., Ltd. | 38.10% | +0.06%p |
| 26.10.162026.10.16 | Xperix Inc. and two related parties | 38.04% | −2.60%p |
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