CB issuance terms amended, higher dilution
모아데이타
288980
Signal Score
Historical Avg Return (5d)
+0.38%
Data Coverage
100%n=2330
Risk-adjusted indicator based on 2330 historical DART filings. For informational purposes only — not investment advice.
Financial Impact
NEGATIVE
Key Numbers
- • CB Total Face Value (Amended): 4.9B KRW (Previously 5.0B KRW)
- • Conversion Price (Amended): 1,063 KRW/Share (Previously 1,553 KRW/Share)
- • Shares Issuable upon Conversion (Amended): 4,609,595 Shares (Previously 3,219,575 Shares)
- • Dilution Rate (Amended): 12.67% (Previously 8.85%)
- • Total Dilution including existing CBs (Amended): 92.92% (Previously 89.10%)
- • Surface Interest Rate (Amended): 3.0% (Previously 2.0%)
- • Maturity Interest Rate (Amended): 5.0% (Previously 4.0%)
AI Analysis Summary
Moadata Co., Ltd. announced an amendment to its convertible bond (CB) issuance terms. The total face value was slightly reduced to 4.9 billion KRW from 5.0 billion KRW. However, the conversion price was significantly lowered to 1,063 KRW/Share from 1,553 KRW/Share, leading to a higher number of shares issuable upon conversion (4,609,595 shares, up from 3,219,575 shares). This change increases the potential dilution rate for the new CB to 12.67% from 8.85%. Including existing unredeemed CBs, the total potential dilution against outstanding shares rises to 92.92% from 89.10%. The surface interest rate also increased to 3.0% and the maturity interest rate to 5.0%. The funds are for operations. The substantial increase in potential dilution is a negative for existing shareholders.
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This content is for informational purposes only and does not constitute investment advice. Past signal patterns do not guarantee future results. All data is sourced from public DART filings.