Leaders Technology Investment Co.,Ltd announced that it expects to receive KRW 6.999999776 billion in funding
March 04, 2024
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Leaders Technology Investment Co.,Ltd. announced a private placement to issue 5,576,208 Common Stock at an issue price of KRW 538 per share for the gross proceeds of KRW 2,999,999,904 and 7,434,944 shares at an issue price of KRW 538 per share for the gross proceeds of KRW 3,999,999,872; aggregate gross proceeds of KRW 6,999,999,776 on March 5, 2024. The transaction will include participation from returning investor Value Up Impact Investment. The transaction has been approved by the shareholders of the company and is expected to close on April 22, 2024. The securities are restricted to a hold period of 1 year.
7,434,944 shares - The transaction will include participation from new investor Value Up Impact Investment. The transaction has been approved by the shareholders of the company and is expected to close on May 3, 2024. The securities are restricted to a hold period of 1 year.
Plutus Investment Co Ltd, formerly Leaders Technology Investment Co Ltd, is a Korea-based company principally engaged in the provision of venture capital investment and financial related services. The Company operates its business through startup and venture investment, corporate restructuring, merger and acquisition (M&A) arbitration and mediation, management consulting as well as investment in small- and medium-sized enterprises. Its investment targets are small- and medium-sized startups and venture companies primarily engaged in information technology (IT), biotechnology, cultural contents, entertainment, game software and others.