Alphabiz - Meritz Financial Group Announces KRW 500 Billion Third-Party Paid-In Capital Increase for Meritz Securities

Meritz Securities headquarters in Yeouido, Seoul. (Photo courtesy of Meritz Securities)

[Alpha Biz= Paul Lee] Meritz Financial Group announced on the 25th that its subsidiary Meritz Securities has approved a third-party paid-in capital increase of approximately KRW 500 billion to secure operating funds and strengthen liquidity.

According to the disclosure, Meritz Securities will issue 38,756,79 non-voting convertible preferred shares at KRW 12,903 per share. The shares will be allocated to NexRise Jeil No. 1, a special purpose company (SPC).

The newly issued preferred shares represent 6.09% of the company’s total outstanding shares. They come with an annual preferred dividend rate of 5.20% to 8.00%. Ordinary share dividends will be paid only after all cumulative preferred dividends are fully satisfied.

The conversion request period runs from December 12, 2025, to December 12, 2055, and upon conversion, the shares will be exchanged for Meritz Securities common stock.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)