Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK Square’s subsidiary, SK Hynix, resolved to issue new shares via third-party allotment for an American Depositary Receipt (ADR) public offering and listing on NASDAQ. The offering, estimated at approximately KRW 45.45T (reference limit), aims to fund large-scale facility investments such as the Yongin Semiconductor Cluster.
📊 [Summary of Key Disclosure Facts & Figures]
1. Overview of DR Issuance
- Disclosure Type: Decision on Issuance of Depositary Receipts (Major Management Matter of Subsidiary)
- Subsidiary Name: SK Hynix Inc.
- DR Issuance Type: New Share DR (Issuing new common shares to a foreign depositary to back the issuance of ADRs)
- Maximum Issuance Limit: 17,790,000 Common Shares
- Conversion Ratio per DR: 0.1 Share (10 ADRs = 1 Common Share)
2. Estimated Capital & Issue Price (Reference Figures)
- Total DR Offering Amount (KRW): KRW 45,453,450,000,000 (approx. KRW 45.45T)
- Reference Basis: Calculated applying the June 23, 2026 closing price of KRW 2,555,000
- Issue Price per New Share (Reference): KRW 2,555,000 per common share
- Issue Price per 1 DR (Reference): KRW 255,500
- Note: Final offering total and price will be determined following the foreign institutional bookbuilding process.
3. Purpose of Capital Raising (Total Facility Capital)
- Yongin Semiconductor Cluster Phase 1 Fab (Construction Investment)
- Cheongju P&T7 Advanced Packaging Fab (Construction, Equipment & Ancillary Costs)
- Machinery Acquisition (EUV Scanner Construction & CAPEX)
4. Key Schedule & Listing Details
- Subscription & Payment Date: 2026-07-14 (Tentative)
- Foreign Listing Exchange: NASDAQ Stock Market (Nasdaq Global Select Market)
- Foreign Listing Date: 2026-07-10 (Tentative)
- Scheduled Domestic Listing Date of Underlying New Shares: 2026-07-29 (KOSPI Market)
- Board Resolution Date: 2026-06-24 (6 Independent Directors attended)
5. Key Institutions Involved
- Lead Managers: BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan
- Foreign Depositary / Custodian: Citibank, N.A. / Korea Securities Depository
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Foreign Bookbuilding and Finalized Terms
This disclosure serves as the initial resolution announcement for SK Hynix’s NASDAQ listing and ADR public offering. As the total offering value and issue price stated are non-binding estimates based on pre-bookbuilding stock prices, reviewing subsequent amended filings after the completion of foreign institutional bookbuilding is relevant for confirming the finalized offer price, total shares, and actual capital raised. Specific details can be verified through amended registration statements and official follow-up disclosures.
📢 Disclaimer & Source Information
Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Disclaimer: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial liabilities rest entirely with the individual investor.
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