Micro Digital Co., Ltd. announced that it expects to receive KRW 19.999962165 billion in funding
September 31, 2021
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Micro Digital Co., Ltd. announced a private placement of 347,085 convertible preferred shares at a price of KRW 23,049 per share for gross proceeds of KRW 7,999,962,165 and series 1 unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 for aggregate proceeds of KRW 19,999,962,165 on September 1, 2021. The transaction has been approved by the board of directors of the company. The payment date is September 17, 2021. The bonds will mature on September 17, 2026, with zero interest rate and are issued at par value.
Micro Digital Co., Ltd. is a company mainly engaged in the manufacturing and sale of materials inspection, measurement and analysis instruments. The Company is involved in the research and development, manufacturing and distribution of bio-Analytical systems, medical automation systems and environmental systems. Bio-analytical systems products include micro extinction analysis systems and small emission analysis systems. Medical automation systems products include in vitro diagnostic devices and precision field diagnostic platforms. Environmental systems products include biomass abatement devices. The Company products are mainly distributed under the names of Diamond, Lumi, Nabi and others. In addition, the Company provides containers including plates, cartridges, diagnostic kits, and various supplies.
MICRO DIGITAL CO., LTD. 
