Chorokbaem Media Exercises Warrants for Wider Planet
Wider Planet Co., Ltd. (Wider Planet) announced on the 22nd that it will exercise stock acquisition rights worth a total of 5 billion KRW.
The exerciser is Chorokbaem Media Co., Ltd., one of the major companies in the content industry, which is known to highly value the future growth potential of Wider Planet Co., Ltd. in the content industry.
The company plans to exercise bonds with stock acquisition rights (BW) worth 5 billion KRW, and through this, it announced that it will issue 267,094 new shares. The price per share is 18,720 KRW, which is the adjusted exercise price following the recent third-party allotment paid-in capital increase.
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Due to the successive exercise of conversion rights and stock acquisition rights, not only the remaining BWs of Wider Planet Co., Ltd. but also convertible bond (CB) investors are increasingly likely to additionally exercise stock acquisition rights and conversion rights. This stock acquisition rights exercise is scheduled to be listed on January 12, 2024.
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