THE CODI Co.,LTD. announced that it expects to receive KRW 4 billion in funding
September 04, 2023
Share
THE CODI Co.,LTD. announced a private placement to issue 8th bearer-free interest-bearing non-guaranteed private placement convertible bonds for the gross proceeds of KRW 4,000,000,000 on September 5, 2023. The transaction is expected to close on September 20, 2023. The transaction has been approved by the board of directors of the company. The bonds are 100% convertible into 608,457 common shares at a conversion price of KRW 6,574 per share. The bonds will be matured on September 5, 2026. The bonds will have an interest rate of 5%. The transaction will include participation from individual investor, Park Jonghee.
On December 5, 2023, the company announced that Series 8 bonds are 100% convertible into 684,111 shares at a fixed conversion price of KRW 5,847.
On March 5, 2024, the company announced that Series 8 bonds are 100% convertible into 677,277 shares at a fixed conversion price of KRW 5,906.
The Codi Co Ltd, formerly CODI-M Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of semiconductor equipment. The Company operates its business through three segments. The Semiconductor Equipment segment is engaged in the manufacture and sale of coating and developing equipment used for photoresist application and development of semiconductor exposure. The Segment is also engaged in the manufacture and sale of cleaning equipment used to etch, clean, rinse and dry silicon wafers. The Display Equipment segment is engaged in the manufacture and sale of products such as hot plates and cold plates (HP/CPs) used for drying glass during the flat panel displays (FPDs) manufacturing process. The Segment is also engaged in the manufacture and sale of control parts and other parts. The Other segment is engaged in the manufacture and sale of other products such as insulation materials.
THE CODI CO.,LTD. 
