Korea Advanced Materials Decides to Acquire 50 Billion Won of Convertible Bonds Before Maturity, Offset with Fourth Tranche Issuance

Korea Advanced Materials (062970) announced on July 27 that it has decided to acquire 50 billion won worth of the third tranche of convertible bonds issued in June 2026 before maturity. The acquisition targets the 50 billion won portion held by Delfplus Associates and Kim Sung-hee. Funds will be sourced from the proceeds of the fourth tranche convertible bond issuance, with full offsetting at payment. The company plans to cancel the bonds after repayment. Conversion details include a share price of 5,604 won per share, resulting in 892,219 shares (3.03% of total shares).