This is an amended filing · View original →
Agent AI Co.,Ltd. Correction: KRW 12.0 billion convertible bond for Prime Value Investment Partnership, payment date moved
AAI summary · Not investment advice
The company will sell bonds that can later be turned into shares to borrow KRW 12.0 billion; if all are converted, 3.75 million new shares (36.43% of current shares) would be created.
Total face value
KRW 12.0 billion
Key facts
- Acquisition of other securities
- KRW 12.0 billionCounterparty and issuer of securities undecided
- % of total shares
- 36.43%
- Conversion price per share
- KRW 3,200
- Convertible shares
- 3,750,000 sharesCommon shares
- Conversion period
- Dec 10, 2027 – Nov 10, 2029
- Coupon rate
- 3%
- Bond type
- Series 36 registered coupon-bearing unguaranteed private convertible bond
- Yield to maturity
- 7%
- Maturity date
- Dec 10, 2029Previously November 12, 2029
- First put date
- Dec 10, 2027Early redemption date; rate 104.1062
- Payment date
- Dec 10, 2026Previously November 12, 2026
- Board resolution date
- Sep 22, 2026
Commentary
AI commentary · Not investment advice
What happened
Agent AI will sell convertible bonds (bonds that can later be turned into shares) to its largest shareholder, Prime Value Investment Partnership. The company will raise KRW 120.0 billion. This is the 36th private bond issue. The money is meant to buy securities of another company. The counterparty and the issuing company are not yet decided.
In the company's terms
The coupon rate is 3% per year. The rate if held to maturity is 7%. The maturity date is 2029.12.10, changed from November 12, 2029 before the correction.
What changes for shareholders
The conversion price is KRW 3,200 per share. If all bonds are converted, 3,750,000 new common shares will be created. That equals 36.43% of the current total shares. New shares can cause dilution, meaning each existing share represents a smaller portion of the company.
The payment date is 2026.12.10, changed from November 12, 2026 before the correction. Bonds can be converted from 2027.12.10 to 2029.11.10. The first date holders can ask for early repayment is 2027.12.10. The early repayment rate is 104.1062.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.262026.10.26 | Material Event Report | 3,426,334 shares · 6,543,786 shares outstanding before the offering |
| 26.10.192026.10.19 | Material Event Report | KRW 1.0 billion · No bonds left outstanding after repurchase · to be deregistered |
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