What it is
Refixing protects CB or BW holders by resetting the conversion or exercise price lower after the stock declines.
Floor
The reset is typically allowed down to 70% of the original conversion price. Some bonds also require an upward reset if the price recovers.
What to keep in mind
A lower conversion price means more shares per bond and more dilution. Repeated "conversion price adjustment" filings signal a growing overhang of potential new shares.
This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.