IntroMedic Co., Ltd. announced that it has received KRW 4.5 billion in funding from FIT Technology Co., Ltd., and another investor
On September 28, 2020, IntroMedic Co., Ltd. (KOSDAQ:A150840) closed the transaction. The company amended the terms of the transaction, and raised gross proceeds of KRW 4,500,000,000 in the transaction. The transaction included participation from FIT Technology Co., Ltd. and Philips Eve Co., Ltd. for KRW 2,500,000,000 and KRW 2,000,000,000, respectively. The bonds are 100% convertible into 1,935,483 shares, representing 6.69% stake in the company.