Lunit to Issue KRW 47.7 Billion in Convertible Bonds
Bitget2026/11/04 08:41- Lunit will issue KRW 47.7 billion of unregistered, unsecured convertible bonds through a private placement.
- Proceeds will fund KRW 38.83 billion of debt repayments, with KRW 8.87 billion allocated to research and development.
- Payment is scheduled for November 12, 2026; the bonds mature November 12, 2031, with a 0% coupon and 4% maturity yield.
- The initial conversion price is KRW 15,303 per share, potentially creating 3,117,035 common shares.
- Bondholders can request early redemption starting November 12, 2028, at 108.29% of principal, with subsequent opportunities every three months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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