Foodnamoo., Inc. announced that it expects to receive KRW 8 billion in funding from Shinhan Investment & Securities Co., Ltd., EBEST Investment & Securities Co., Ltd., KB Securities Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd.
November 07, 2023
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Foodnamoo., Inc. announced a private placement to issue Series 2 Bearer-Type Non-Guaranteed Private Placement Convertible Bond for the gross proceeds of KRW 8,000,000,000 on November 8, 2023. The transaction has been approved by the shareholders of the company and is expected to close on November 10, 2023. The transaction will include participation from new investors Shinhan Investment & Securities Co., Ltd.for KRW 1,000,000,000, EBEST Investment & Securities Co., Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 1,300,000,000, Samsung Securities Co., Ltd. for KRW 2,000,000,000, NH Investment & Securities Co., Ltd. for KRW 2,700,000,000.
The bonds carry a coupon rate and maturity rate of 0% and will mature on November 10, 2028. The bonds are fully convertible into 937,646 common shares at a conversion value of KRW 8,532 per share from November 10, 2024 to October 10, 2028.
EBEST INVESTMENT & SECURITIES Co., Ltd., formerly E*TRADE Korea Co., Ltd, is a Korea-based company specialized in the provision of financial services. The Company is mainly engaged in the brokerage, dealing and underwriting of securities businesses, covering stocks, options, futures, government bonds, corporate bonds, foreign securities and financial derivatives products. It also involves in proprietary trading business, and provides consulting services. On March 8, 2013, 3Nod Digital Group Co., Ltd. announced that the Company had sold its entire 6.63% skake in 3Nod Digital Group Co., Ltd.