PhionX Cuts Planned Convertible Bond Issue to KRW 3.6 Billion From KRW 7 Billion

Bitget2026/10/22 06:43

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PhionX cut its planned convertible bond issue to KRW 3.6 billion from KRW 7 billion in an October 22, 2026, correction.
The provisional conversion price fell to KRW 1,087 per share from KRW 2,124, increasing conversion shares to 3,311,867 from 3,295,668.
Subscription and payment are scheduled for November 3, 2026; issuance remains delayed pending resolution of litigation over management control.
The bonds mature on November 3, 2029, with a 3% coupon and a 5% yield to maturity.
Bondholders can now request early redemption starting one year from issuance, replacing terms that barred exercise of the put option.

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. PhionX 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: 20261022000248), on October 22, 2026, and is solely responsible for the information contained therein.

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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PhionX Cuts Planned Convertible Bond Issue to KRW 3.6 Billion From KRW 7 Billion

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