SK Hynix’s ADR conversion cap was fully used up by its $26.5B July offering
firstadopter · x · 2026-07-29
A repost says SK Hynix capped Korean-share conversions into ADRs at 2.5% of outstanding shares, and that the quota was fully exhausted by a $26.5B July 10 offering.
- The deal involved 17.79M common shares / 177.9M ADRs.
- According to the Korea Securities Depository, no net new conversions are possible unless existing ADR holders first cancel and convert back.
- The note matters because it constrains share conversion supply after a massive financing transaction.
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