EMRO. Incorporated announced a private placement of 2nd series registered, non-guaranteed, non-separable privately placed debentures with warrants for gross proceeds of KRW 9,500,000,000 and 3rd series registered non-guaranteed privately placed convertible bonds for gross proceeds of KRW 7,000,000,000; for aggregate gross proceeds of KRW 16,500,000,000 on March 15, 2023. The transaction will include participation from returning investor, Samsung SDS Co.,Ltd. The debenture carries a coupon rate of 0% and yield to maturity of 4.6%.

The debenture will mature on May 31, 2026. The company issued 369,405 warrants at an exercise price of 25,717 per warrant. The rights can be exercised between June 1, 2024 to May 30, 2026.

The subscription date is March 15, 2023 and payment date is May 31, 2023. The transaction has been approved by the board of directors of the company.