Fact Source: Financial Supervisory Service DART
Market: KOSPI (000660)
💡 3-Second Summary
SK hynix’s U.S. subsidiary (SK hynix NAND Product Solutions Corp.) is conducting a shareholder-allocated rights offering to raise USD 10B (KRW 14.428T) for acquiring securities of another corporation, and issued a correction disclosure clarifying the valuation method and potential fluctuation of the new share issuance price.
📊 [Key Disclosure Content & Key Figures Summary]
- Correction Details
- Correction Date: 2026-03-03
- Reason for Correction: Stating the calculation method of shares to be acquired and the potential fluctuation in issuance price
- Key Modifications:
- Newly added the Pricing Method item (“Calculated based on the valuation of the relevant shares and mutual agreement at the time of share issuance”)
- Adjusted new share issuance price specification from ‘USD 1’ to ‘To be determined based on valuation and agreement at the time of issuance’
- Corrected fund usage categorization from ‘Operating Funds: USD 10B’ to ‘Acquisition of Securities of Other Corporation: USD 10B’
- Added note stating “Number and price of new shares were calculated based on par value, and issuance price may fluctuate at actual contribution execution.”
- Target Subsidiary Information
- Company Name: SK hynix NAND Product Solutions Corp. (Representatives: Xin Guo, Jinsoo Kang)
- Main Business: Semiconductor Sales and R&D
- Subsidiary Total Assets: KRW 6,199,002,267,673 (5.2% of parent company’s consolidated total assets of KRW 119,855,208,683,285 as of FY2024 end)
- Details of Rights Offering
- Type and Number of New Shares: 10,000,000,000 common shares
- Par Value Per Share: KRW 1,442.80 (USD 1, converted at 1,442.8 KRW/USD)
- Total Outstanding Shares Before Rights Offering: 1,693,653,240 common shares
- Purpose of Funding: Acquisition of securities of another corporation KRW 14,428,000,000,000 (USD 10B)
- Method of Rights Offering: Rights offering to existing shareholders (100% allocated to parent company SK hynix)
- Issuance Price and Schedule
- New Share Issuance Price: To be calculated based on valuation and agreement at the time of share issuance (KRW 1,442.80 is a reference conversion based on par value)
- Subscription Period: Start Date 2026-03-01 (Contract date) ~ End Date 2030-03-01
- Payment Date / Delivery Date of New Share Certificates / Record Date: 2030-03-01 (Based on final execution limit date)
- Subsidiary Board Resolution Date: 2026-01-28 (1 Outside Director attended)
- Other Matters Significant to Investment Decisions
- Execution Structure: Actual capital injection will proceed with the surviving entity following a merger between SK hynix NAND Product Solutions Corp. and a new U.S. subsidiary scheduled to be established
- Related Prior Disclosure: Linked to the ‘Decision on Acquisition of Shares and Investment Securities of Other Corporation’ disclosure dated 2026-01-28
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Final Issuance Price Determination and Merger Progress
The core of this correction disclosure lies in clarifying that the funds are specifically designated for acquiring securities of another corporation and that the final issuance price is subject to valuation and mutual agreement at actual execution. Tracking the progress of the planned U.S. subsidiary merger alongside the finalization of the issuance price and capital contribution size is crucial for verifying whether this large-scale overseas investment structure is settled as intended. Further updates and finalized terms can be monitored through subsequent regulatory amendment disclosures or future periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official disclosure data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This material is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest solely with the investor.
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