Bucket Studio Co., Ltd. announced that it expects to receive KRW 50 billion in funding
May 22, 2022
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Bucket Studio Co., Ltd announced a private placement of series 12 non-guaranteed private equity convertible bonds with bearer type interest for gross proceeds of KRW 50,000,000,000 on May 23, 2022. The transaction will include participation from JBJY No.1 Association. The bonds carry fixed interest rate of 3%, yield to maturity rate of 3%, maturity date of September 30, 2025, and are fully convertible into 17,780,938 common shares of the company, representing 18.26% stake, at a fixed conversion price of KRW 2,812 per share. The conversion period starts on September 30, 2023 and ends on August 30, 2025. The transaction was approved by board of directors of the company. The date of subscription is May 25, 2022, and the date of payment is September 30, 2022.
On June 27, 2022, the bonds are fully convertible into 22,026,431 common shares of the company, representing 19.64% stake in the company.
BUCKET STUDIO Co.,Ltd., formerly ACOM STUDIO Co., Ltd., is a company mainly engaged in the provision of the text sending services and contents. Along with subsidiaries, the Company operates its business through two segments. The Digital Advertisement (AD) Center segment is involved in the provision of the text sending services. The text sending services are provided under smsjoa. The Content and intellectual property (IP) segment is involved in the sale of digital versatile discs (DVDs), the provision of image contents, the provision of copyright protection services, as well the operation of theaters and theater shops. The Company distributes its products within the domestic market and to overseas markets.
BUCKET STUDIO CO., LTD. 
