Soltworks Co., Ltd. announced that it has received KRW 5.5 billion in funding from Korea Fixed-Income Investment Advisory, Sangsangin Savings Bank, Investment Arm
On October 28, 2020, Soltworks Co., Ltd. (KOSDAQ:A230980) closed the transaction. The company received bearer interest bond secured private equity convertible bond for gross proceeds of KRW 5,500,000,000. The transaction included participation from Sangsangin Savings Bank, Investment Arm. The bonds are converted into 1,387,487 common shares at a conversion price of KRW 3,964.