This is an amended filing · View original →
ADBIOTECH Co.,Ltd. KRW 10.3 billion convertible bond issue to JK New Technology Investment Fund No. 19, corrected
AAI summary · Not investment advice
The company will sell bonds that can later be turned into shares to borrow KRW 10.3 billion, and if all are converted, 27.65% more shares (10.3 million) would be created.
Total face value
AmendedKRW 10.3 billion
Before amendment KRW 2.0 billion
Key facts
- Acquisition of other securities
- KRW 10.3 billion · Amended
- % of total shares
- 27.65% · Amended
- Convertible shares
- 10,300,000 shares · Amended
- Conversion period
- Nov 20, 2027 – Oct 20, 2029
- Coupon rate
- 6.0% · Amended
- Bond type
- Series 11 registered-type unsecured private convertible bond · Amended
- Yield to maturity
- 6.0% · Amended
- Maturity date
- Nov 20, 2029
- Call option limit
- Call option cannot be exercised over 50% of the bond issue amount held by each bondholder
- First put date
- Nov 20, 2027
- Payment date
- Nov 20, 2026
- Board resolution date
- Jun 26, 2026 · Amended
Commentary
AI commentary · Not investment advice
What happened
Adbiotech decided to sell convertible bonds (bonds that can later be turned into shares) with a total face value of KRW 10.3 billion. They are the 11th unregistered, unsecured, privately placed series. The buyer is JK New Technology Investment Partnership No. 19, which has no relationship with the company or its largest shareholder.
In the company's terms
The KRW 10.3 billion raised will be used to buy shares in other companies. The coupon rate is 6.0%, and the yield if held to maturity is also 6.0%. The bonds are due on 2029.11.20.
What changes for shareholders
If all the bonds are converted, 10,300,000 new shares would be created. That equals 27.65% of the current total number of shares. Conversion can be requested from 2027.11.20 to 2029.10.20.
Bondholders can ask for early repayment from 2027.11.20 (a put option). The company side also has a call option, which lets it buy bonds back early. It cannot use it on more than 50% of the issue price of each holder's bonds. Payment is due on 2026.11.20.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 11.3 billion · Previously KRW 5.5 billion · 17.34% of total shares · 43.87% including outstanding bonds |
| 26.10.302026.10.30 | [Amended] Material Event Report | KRW 2.0 billion · 4.84% of total shares · 36.42% including outstanding bonds |
Show Korean comments
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist