Simmtech to Issue 417,517 Shares on 7th Convertible Bond Conversion
The new shares represent 1.08% of Simmtech's 38,484,526 issued shares, with listing set for October 26, 2026, according to digitaltoday.co.kr.
Simmtech disclosed on October 8, 2026 that it will issue 417,517 common shares following the exercise of conversion rights for its 7th convertible bond, according to digitaltoday.co.kr. The conversion claim amount is 9 billion won, at a conversion price of 21,556 won per share.
The new shares equal 1.08% of the company's total issued shares of 38,484,526. They are scheduled to be listed on October 26, 2026.
The 7th convertible bond had an original total face value of 50 billion won, and the remaining unconverted balance stood at 19 billion won as of the disclosure date. The issuance decision for the bond was disclosed on June 11, 2025.
Simmtech reported consolidated 2025 financials with total assets of 1.6203 trillion won, total liabilities of 1.044 trillion won, revenue of 1.4106 trillion won, operating profit of 11.9 billion won and a net loss of 164.6 billion won.
The company has been listed on the KOSDAQ market since August 7, 2015, in the electronic components manufacturing sector.
Quick answers
How many shares will Simmtech issue from the 7th convertible bond conversion?
Simmtech will issue 417,517 common shares, equal to 1.08% of its total issued shares of 38,484,526.
When will the new Simmtech shares be listed?
The new shares are scheduled to be listed on October 26, 2026, following a conversion claim date of October 8, 2026.
What is the conversion price for Simmtech's 7th convertible bond?
The conversion price is 21,556 won per share, with a conversion claim amount of 9 billion won.