SK Hynix Adjusts ADR Issuance Value from 45 Trillion Won to 43 Trillion Won

SK Hynix has adjusted the scale of its American Depositary Receipt (ADR) issuance to reflect recent stock price changes.

In a regulatory filing on July 6, SK Hynix announced that it is revising the total value of its Depositary Receipt (DR) issuance from approximately 45.45 trillion won to about 43.14 trillion won.

This adjustment was based on the closing price of SK Hynix common stock on July 3, the day before the filing, which was 2.425 million won.

The previous disclosure regarding the DR issuance was calculated based on the closing price of 2.555 million won as of June 23.

The final amount will be determined based on the total offering value of the ADRs, which will be finalized through a future book-building process.

To list the ADRs, SK Hynix plans to issue up to 17.79 million new shares, representing approximately 2.5% of its total outstanding shares.

The ADRs are targeted for listing and the commencement of trading on the U.S. Nasdaq market on July 10.

The subscription and payment dates are scheduled for July 14, and the expected listing date for the new DRs is July 29.
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