On May 6, 2026, the company entered into a securities purchase agreement with NVIDIA pursuant to which it issued a Traditional Warrant to purchase up to 15 million shares of common stock at an exercise price of $180.00 per share and a Pre-Funded Warrant to purchase up to 3 million shares of common stock at an exercise price of $0.0001 per share, for an aggregate purchase price of $500 million.

1. 01

   On May 6, 2026, the company entered into a securities purchase agreement with NVIDIA pursuant to which it issued a Traditional Warrant to purchase up to 15 million shares of common stock at an exercise price of $180.00 per share and a Pre-Funded Warrant to purchase up to 3 million shares of common stock at an exercise price of $0.0001 per share, for an aggregate purchase price of $500 million.

2. 02

   The company said the Warrants are exercisable at any time on or after the issuance date. The Traditional Warrant will expire on the earliest to occur of the 3rd anniversary of the issuance date, the termination of the definitive agreement governing the long-term partnership, subject to certain exceptions, or the consummation of a fundamental transaction by the company.

3. 03

   The company said the exercise price and the number of shares of common stock issuable upon exercise of the Warrants are subject to customary structural anti-dilution adjustments, and holders of the Pre-Funded Warrant will be entitled to participate on an as-exercised basis in distributions to holders of common stock. It said the issuance relied on exemptions from registration provided for under Section 4(a)(2) of the Securities Act.

4. 04

   In its multiyear partnership with NVIDIA, the company said it will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50%. The expansion includes the construction of 3 new manufacturing facilities in North Carolina and Texas and the creation of more than 3,000 new, high-paying American jobs.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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