[Edaily Reporter Lee Hye-ra] #IceCreamEdu announced on the 11th that it is adjusting the conversion price of its second series of convertible bonds (CB) from the previous 1,885 won to 1,757 won in response to a decline in its stock price.
With the downward adjustment of the conversion price, the number of shares that can be converted increases from 4,509,283 to 4,837,791. The adjusted conversion price takes effect today.
The company explained that it adjusted the conversion price because the benchmark conversion price calculated based on the recent decline in the stock price fell below the minimum adjustment threshold. The total face value of the unconverted convertible bonds is 8.5 billion won.
With the downward adjustment of the conversion price, the number of shares that can be converted increases from 4,509,283 to 4,837,791. The adjusted conversion price takes effect today.
The company explained that it adjusted the conversion price because the benchmark conversion price calculated based on the recent decline in the stock price fell below the minimum adjustment threshold. The total face value of the unconverted convertible bonds is 8.5 billion won.
