Saltlux Announces Plans to Exercise CB and BW Put Options

[Asia Economy Reporter Jang Hyowon] AI company Saltlux announced on the 2nd its plan to exercise the put option (call option) on convertible bonds (CB) and bonds with warrants (BW) issued in July 2021.

Saltlux plans to exercise the put option (call option) on up to 8 billion KRW, which corresponds to 40% of the total amount, excluding the quantity already converted by CB and BW investors. The deadline for exercising the put option is January 28, 2024.

Lee Kyung-il, CEO of Saltlux, stated, “By exercising the put option to reduce the circulating shares, we will continue shareholder-centered responsible management through enhancing shareholder value, mergers and acquisitions, and improving financial structure.”