Taewoong Logistics Co., Ltd. has announced a private placement of Series 2 Unregistered Interest Unsecured Private Convertible Bonds of the company to raise gross proceeds of KRW 15,000,000,000 on April 22, 2026. The transaction includes participation from NH Absolute Return General Private Investment Trust No. 1 advised by Samsung Securities Co., Ltd. for KRW 1,500,000,000, Rhinos Mezzanine General Private Equity Securities Investment Trust No.
26 advised by Samsung Securities Co., Ltd. for KRW 1,500,000,000,Shinhan-BNK Mezzanine New Technology Fund No. 1 for KRW 11,000,000,000 and GVA-YG Mezzanine Alpha New Technology Fund for KRW 1,000,000,000. The Bonds are 100% convertible into 5,407,354common shares of the company at a conversion price value of KRW 2,774 and carry interest rate of 0% and maturity interest rate of 0%.
The conversion billing period starts from April 30, 2027 to March 30, 2031. The transaction has been approved by the board of directors of the company. The Bonds have a maturity date of April 30, 2031.The transaction is expected to close on April 30, 2026.
The transaction is subject to 1 year hold period.
