Power Solution Technology PCL is offering convertible debentures worth up to 250 million baht and 1.125 billion units of warrants (PSTC-W4) to its existing shareholders via a rights offering. The convertible debentures have a 2-year maturity and a 3.00% annual interest rate, with a conversion price of 1.00 baht per share, while the warrants have a 2-year term and an exercise price of 0.35 baht per share.
This capital raising initiative aims to secure working capital for the company and repay existing short-term loans and some debentures. The offering is structured to minimize immediate dilution effects on existing shareholders' control and share price, though potential control dilution could occur if non-shareholders convert or exercise. EPS dilution is not calculable due to the company's current operating losses.
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Power Solution Technology PCL will issue up to 250 million baht in convertible debentures and 1.125 billion units of warrants to existing shareholders.