Jusung Engineering announced in a regulatory filing on the 9th that it will pursue a total of 45 billion won in financing to secure operating funds and business acquisition funds. The financing consists of two methods: a 15 billion won third-party allotment rights offering and a 30 billion won issuance of the 12th unsecured private convertible bonds (CB) with detachable warrants.

■ 15 Billion Won Rights Offering... Largest Shareholder B&P Jusung to Subscribe in Full

This rights offering will be conducted via a third-party allotment method. A total of 12,406,948 common shares will be issued at 1,209 won per share, representing a 10% discount to the base share price (1,343 won). All proceeds will be used as operating funds.

The allottee is B&P Jusung Co., Ltd., the largest shareholder. The company cited strengthening responsible management by the largest shareholder and securing operating funds as the reasons for the selection. The allotted shares are subject to a one-year mandatory holding period. The payment date is August 11, 2026, and the new shares are scheduled to be listed on August 25, 2026.

■ 30 Billion Won Private CB Issuance... 20 Billion Won for Business Acquisition and 10 Billion Won for Operating Funds

The company will also issue 30 billion won worth of its 12th private convertible bonds (CB). Both the coupon rate and maturity interest rate are 0%, with a maturity date of August 7, 2029. The proceeds will be divided and used for 20 billion won in business acquisition funds and 10 billion won in operating funds.

The conversion price is set at 1,476 won per share, allowing for the issuance of up to 20,325,203 common shares upon conversion. This represents 27.79% of the total number of issued shares post-conversion. The conversion claim period runs from August 7, 2027, to July 7, 2029.

A repricing condition has been set, allowing the conversion price to be adjusted down to a minimum of 1,034 won in the event of a decline in the market price.

A put option (early redemption right) will be granted to investors starting from August 7, 2027, which marks 12 months after the issuance. From the same date, the issuing company or a designated third party may exercise a call option (early redemption right) up to a maximum of 30%.