Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
ISU PETASYS has decided to acquire KRW 42.0B worth of the 2nd unregistered private convertible bonds issued by JEIO in cash to diversify its business and secure new growth drivers.
📊 [Key Disclosure Details & Financial Summary]
- Details of Bonds to be Acquired:
- Issuer: JEIO Co., Ltd. (Republic of Korea)
- Type of Bonds: 2nd Unregistered Unsecured Private Convertible Bonds
- Principal Amount & Acquisition Amount: KRW 42.0B (KRW 42,000,000,000)
- Ratio to Equity: 15.74% (Total Equity: KRW 266,778,163,292)
- Terms and Purpose of Acquisition:
- Method of Acquisition: Cash acquisition
- Purpose of Acquisition: Business diversification and securing new growth drivers
- Expected Acquisition Date: March 07, 2025
- Board Resolution Date: November 08, 2024
- Subject to Fair Trade Commission Reporting: Applicable
- Major Terms of Convertible Bonds:
- Coupon Rate / Yield to Maturity: 0.0% per annum / 0.0% per annum
- Maturity Date: March 07, 2030
- Conversion Price: KRW 19,475 per Common Share (Conversion Ratio: 100%)
- Conversion Exercise Period: March 07, 2026 – February 07, 2030
- Refixing Conditions: Price adjustment allowed down to a floor of 70% upon stock price decline (includes upward adjustment upon price recovery)
- Put Option: Exercisable every 3 months starting 2 years from the issue date
- Other Related JEIO Acquisition Plans:
- Participation in Third-Party Allocation Rights Issue: Payment expected on March 07, 2025
- Share Purchase Agreement for Existing Shares: SPA signed for 5,750,000 Common Shares (Balance payment expected on March 07, 2025)
- Shares to be Issued upon Conversion: 2,156,611 shares (Up to 3,080,759 shares upon maximum refixing)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Convertible Bond Acquisition and Future Payment Status
The company decided to acquire KRW 42.0B of convertible bonds in JEIO for business diversification. Verifying whether the planned payment and bond acquisition are completed as scheduled is important to confirm the final closing status of the transaction. Relevant details can be tracked through follow-up disclosures and periodic financial reports filed after the expected payment date of March 07, 2025.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on official filing data from the Financial Supervisory Service DART system.
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