Alteogen prices private placement of 174,066 RCPS at KRW 287,246 each
Bitget2026/10/06 07:48Alteogen set a KRW 50 billion private placement via third-party allotment of 174,066 registered redeemable convertible preferred shares. Issue price KRW 287,246 per share, a 10.30% premium to the KRW 260,411 reference price. Subscriber SkyAlt will take the full allotment; proceeds earmarked for R&D and a new biopharmaceutical manufacturing plant. Payment date Oct. 14, 2026; shares carry one vote each, convert 1:1 into common stock starting Oct. 15, 2027. Redemption request window runs Oct. 15, 2029 to Sept. 15, 2031; redemption accrues 1.00% annual compound return. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alteogen Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006000310), on October 06, 2026, and is solely responsible for the information contained therein.
- Alteogen set a KRW 50 billion private placement via third-party allotment of 174,066 registered redeemable convertible preferred shares.
- Issue price KRW 287,246 per share, a 10.30% premium to the KRW 260,411 reference price.
- Subscriber SkyAlt will take the full allotment; proceeds earmarked for R&D and a new biopharmaceutical manufacturing plant.
- Payment date Oct. 14, 2026; shares carry one vote each, convert 1:1 into common stock starting Oct. 15, 2027.
- Redemption request window runs Oct. 15, 2029 to Sept. 15, 2031; redemption accrues 1.00% annual compound return.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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