HB Technology Exercises 8th Tranche Convertible Bond Conversion Rights, Issues 2.2 Million New Shares

HB Technology (078150) announced on July 13 that it will exercise conversion rights on its 8th tranche of unsecured convertible bonds, issuing 2.205882 million new shares. The conversion date is July 13, 2026, with a conversion price of 2,040 won per share. The new shares will list on August 20, 2026. Cumulative shares issued from this conversion total 2.205882 million, representing 2.38% of the company's total issued shares of 92.715916 million. The transaction is not subject to Korea Fair Trade Commission reporting requirements. The original issuance amount for the 8th tranche was 400 billion won, leaving 75 billion won in convertible bonds after this conversion with 3.67647 million remaining convertible shares. As of December 2025, HB Technology's consolidated financials show total assets of 382.3 billion won, total liabilities of 97.2 billion won, equity of 285.1 billion won, revenue of 160.3 billion won, operating profit of 6.2 billion won, and net profit of 28.4 billion won. The company, listed on KOSDAQ since December 2004 in the special-purpose machinery manufacturing sector, had a stock price of 1,927 won on July 13, 2026, down 133 won (-6.46%) from the previous day.