1. Nexxus’s ₩10 Billion CB Issuance: What Happened?

Nexxus announced on September 10, 2025, the issuance of ₩10 billion in privately offered convertible bonds. The payment date is set for September 18, 2025, with a conversion price of ₩3,140, slightly higher than the current stock price of ₩3,120. The coupon rate is 0.0%, with a maturity rate of 1.0%, and the conversion period is from September 18, 2026, to August 18, 2030.

2. Why the CB Issuance?: Background and Objectives

Nexxus is currently developing several new projects, including “Kingdom: The Blood of Kings,” “Blade: Reaction,” and “Dungeon Stalkers.” The funds raised through this CB issuance are intended to finance these new game developments and business expansion. The issuance is also expected to contribute to strengthening the company’s financial health.

3. What Does the CB Issuance Mean for Investors?: Opportunities and Risks

Positive Aspects:

  • • Funding for new game development and business expansion
  • • Potential for improved financial structure
  • • Incentive for stock conversion due to the gap between the conversion price and current stock price

Negative/Cautionary Factors:

  • • Potential stock dilution upon conversion of the CBs
  • • Increased financial burden due to higher debt
  • • Uncertainty regarding the success of new projects and the possibility of continued operating losses

4. What Should Investors Do?: Action Plan

  • • Closely monitor the development progress of new projects and their performance post-launch
  • • Continuously track the company’s profitability improvement strategies and actual results
  • • Analyze the conversion trend of CBs and anticipate the dilution effect
  • • Evaluate the impact of changes in macroeconomic indicators, such as exchange rates and interest rates

In conclusion, Nexxus’s CB issuance presents both opportunities for growth through secured funding and potential risks related to stock dilution and business uncertainties. Investors should carefully consider these factors and exercise caution when making investment decisions.