This is an amended filing
OptiCore Inc. Early buyback of KRW 3.7 billion Series 5 convertible bonds; 3rd installment moved to Nov 9
OAI summary · Not investment advice
OptiCore Inc. moved the third installment of its KRW 3.7 billion early buyback of Series 5 convertible bonds from October 31 to November 9, raising the acquisition amount to KRW 3.8 billion.
Face value acquired
KRW 3.7 billion
4.23% of total shares · resale or cancellation to be decided by the board later
Key facts
- Board resolution date
- Jun 30, 2026
- Bond type
- Series 5 unregistered coupon-bearing unsecured private convertible bonds
- Bond issue date
- Sep 17, 2025
- Maturity date
- Sep 17, 2028
- Total face value
- KRW 3.7 billion
- Acquisition amount
- KRW 3.8 billionPrincipal and interest · revised after the installment schedule changed
- Acquisition method
- Off-market purchase
- Reason for acquisition
- Mutual agreement with the bondholder
- Plan for acquired bonds
- To be decided by the board later (resale or cancellation planned)
- Conversion price per share
- KRW 3,428Adjusted from KRW 1,714 after a 2-for-1 share consolidation
- Convertible shares
- 1,079,346 shares
- % of total shares
- 4.23%
- Conversion period
- Sep 17, 2026 – Aug 17, 2028
Commentary
AI commentary · Not investment advice
What happened
OptiCore Inc. changed one payment date in the convertible bond buyback it decided in June. The deal covers KRW 3.7 billion of Series 5 convertible bonds (bonds that can later be turned into shares). The company agreed with the bondholder, ITEK, Inc., to buy them back with its own funds before maturity. The price is paid in four installments, and the third one moved from October 31 to November 9. The extra days added interest, so the total acquisition amount is now KRW 3.8 billion.
In the company's terms
If fully converted, these bonds could have created 1,079,346 new shares. That equals 4.23% of the company's total shares. The conversion price (the price per share when bonds are swapped for stock) was adjusted from KRW 1,714 to KRW 3,428 after a 2-for-1 share consolidation.
What changes for shareholders
The company has not yet decided whether to resell or cancel the bonds it bought back. It said the board will decide later. The final payment date is December 31.
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