Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Alteogen decided on a third-party allotment paid-in capital increase issuing Redeemable Convertible Preferred Shares (RCPS) worth KRW 155.00B to fund plant construction, headquarters relocation, and operating expenses.
📊 [Key Disclosure Details & Financial Highlights]
- Type & Number of Shares: 434,848 Registered Redeemable Convertible Preferred Shares (RCPS)
- Total Capital Raised: KRW 154,994,177,184 (Approx. KRW 155.00B)
- Facility Funds: KRW 54,994,177,184 (Plant construction and headquarters relocation)
- Operating Funds: KRW 100,000,000,000
- Method of Issuance: Third-party allotment
- Issue Price per Share: KRW 356,433 (2.3145% premium over the reference price of KRW 348,370)
- Key Schedules:
- Payment Date: 2025-02-19
- Scheduled Delivery Date of New Shares: 2025-03-05
- Board Resolution Date: 2025-02-04
- Key RCPS Terms:
- Voting Rights: Non-voting (Voting rights granted if preferred dividend is unapproved)
- Duration: 5 years from issuance (Expires 2030-02-20, automatically converts to common stock upon expiration)
- Dividend Rate: 1.0% per annum of par value (Cumulative, Participating)
- Redemption Claim Period: 2028-02-20 ~ 2030-01-20 (After 3 years from issuance, 1.0% annual compound interest)
- Conversion Claim Period: 2026-02-20 ~ 2030-01-20 (After 1 year from issuance)
- Conversion Price Refixing: Floor price set at KRW 302,969 (85% of initial conversion price)
- Lock-up: 100% of issued shares subject to 1-year mandatory lock-up with Korea Securities Depository
- Key Allottees: KB Naou Special Situation PEF, KB-Solidus Healthcare Investment Association, NH Investment & Securities, DB Financial Investment, Kiwoom Securities, among other institutional funds and brokerages
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Full Capital Payment and 1-Year Lock-up Setup
This filing outlines a KRW 155.00B private RCPS issuance designed to finance manufacturing facility expansion and general operations. Verifying whether the full payment is successfully deposited by the scheduled payment date (February 19, 2025) and confirming the execution of the 1-year mandatory lock-up with the depository is important to check the formal completion of this transaction. The settlement details and share count updates can be verified in the subsequent ‘Result of Securities Issuance’ disclosure and the ‘Total Number of Shares’ section of future periodic financial reports.
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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