1. PIE’s ₩46 Billion CB Issuance: What Happened?

PIE issued ₩46 billion in CBs through a private placement. The conversion price is set at ₩8,944 (with a minimum adjusted price of ₩8,050), and the conversion period is from August 12, 2026, to July 12, 2030. The primary investor is KOSDAQ Venture Investment Trust.

2. Why is this CB Issuance Important?

The funds raised will be used to expand PIE’s new businesses, including ultrasound and X-ray/CT inspection solutions. In the current economic climate, marked by high interest rates, fluctuating exchange rates, and volatile raw material prices, securing funds through CBs can enhance short-term financial stability. However, investors should also consider potential risks such as stock dilution due to the high conversion price and increased stock price volatility depending on the CB conversion rate.

3. How Will the CB Issuance Impact PIE’s Stock Price?

In the short term, the high conversion price compared to the current stock price may limit upward momentum and even pose a risk of price decline due to dilution concerns. In the long term, the success of the new businesses will be the key determinant of PIE’s stock performance. Successful market entry and growth in the secondary battery market can positively impact the stock price, but factors like increased competition and technological changes must also be considered.

4. What Should Investors Do?

Investors should closely monitor PIE’s new business progress, financial performance, and changes in the macroeconomic environment. Pay close attention to announcements regarding new business performance and stock price movements to formulate an effective investment strategy. Thorough research and analysis of the potential positive and negative impacts of this CB issuance are crucial for informed investment decisions.