IM Co.,Ltd announced that it expects to receive KRW 5 billion in funding
April 15, 2021
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IM Co.,Ltd announced a private placement of 6th series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on April 16, 2021. The transaction will include participation from Boram Partners Co., Ltd. The bonds have a coupon rate of 4% and have a yield to maturity of 4%. The bonds have maturity date of May 31, 2024. The bonds are convertible into 2,787,068 common shares of the company at a conversion price of KRW 1,794 for a period from May 31, 2022 to April 30, 2024. The subscription date is April 16, 2021 and payment date is May 31, 2021. The transaction was approved by the board of directors. The bonds to be issued will have a hold period of one year, post the closing.
IM Co Ltd is a Korea-based company principally engaged in the manufacture and sale of optical module components. The Company provides optical solution products including digital versatile disc (DVD) optical pickup, blue ray optical pickup, pico projectors and others. The Company also produces camera lenses, auto focus modules, among others used in mobiles. The Company sells its products within domestic market and to overseas markets.
IM CO.,LTD 