NEXTCHIP Co., Ltd. announced that it expects to receive KRW 20.500017174 billion in funding
August 24, 2021
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NEXTCHIP Co., Ltd. announced a private placement of 2,527,434 common shares at a price of KRW 8,111 per share for gross proceeds of KRW 20,500,017,174 on August 25, 2021. The transaction will include participation from new investors KN Future Technology 6 Fund for 258,908 shares, Mirae Asset New Growth Good Company Fund 21-1 for 123,290 shares, MAVI New Growth Good Corporate Fund 3 for 123,290 shares and Daishin new technology Fund 7 for 986,315 shares and other existing investors. The shares have a par value of KRW 500 per share. The company issued securities through 3rd party allocation increase and shareholder allocation increase. The transaction has been approved by the board of directors. The company will issue two trance in the transaction. The first tranche will be on August 27, 2021 and second tranche will be on September 17, 2021.
NC& Co., Ltd., formerly NEXTCHIP Co., Ltd., is a company mainly engaged in the manufacturing and sale of multimedia semiconductor products for video security systems. The Company's main products are image processing chips, which are used in closed circuit television (CCTV) cameras, digital video recorders (DVRs), mobile phones, network cameras, camcorders, set top boxes and others. It also provides touch sensor chips, which are used in laptops, personal computers (PCs), monitors, digital cameras, electronic rice-cookers, refrigerators and others. In addition, the Company provides camera components. The Company distributes its products within domestic market and to overseas markets, including China and Taiwan.