Seers prices KRW 110 billion private convertible bond sale

Seers set a KRW 110 billion private placement of 2nd series unsecured zero-coupon convertible bonds. Maturity set for Oct. 21, 2031; bonds repay at 100% of registered amount with no interim interest payments. Conversion price set at KRW 30,586 per share; up to 3,596,416 common shares, equal to 8.57% of outstanding shares. Proceeds earmarked for capex, working capital, securities purchases in overseas subsidiaries, including UAE unit SEERS MENA and US unit SEERS GLOBAL. Bondholders gain put options from Apr. 21, 2029; issuer call option starts Oct. 21, 2027, limited to 50% of issue amount. 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. Seers Co. Ltd. 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: 20261013000138), on October 13, 2026, and is solely responsible for the information contained there