TOBESOFT Co., Ltd. announced that it expects to receive KRW 5 billion in funding from Katana Korea Co., Ltd.
October 30, 2021
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TOBESOFT Co., Ltd. announced a private placement of convertible bonds for gross proceeds of KRW 5,000,000,000 on October 1, 2021. The transaction will include participation from Katana Korea Co., Ltd. The bonds will bear a fixed interest rate of 2%, yield to maturity rate of 4%, will mature on January 28, 2025, and will be fully convertible into 2,173,913 common shares, representing 5.48% stake in the company, at a fixed conversion price of KRW 2,300 per share from January 28, 2023 to December 28, 2024. The transaction has been approved by the board of directors of the company. The transaction is expected to close on January 28, 2022.
TOBESOFT Co., Ltd. is a Korea-based company engaged in the development, supply and consulting of software. The Companyâs products include Miplatform series, which provide integrated wired and wireless development and operation environment, XPLATFORM series, which are user interface (UI) development platforms based on rich Internet applications (RIAs), as well as X series platforms. It is also involved in the provision of repair and maintenance services for its products. The Companyâs main clients are Samsung SDS, Hyundai AutoEver and others. On February 7, 2014, the Company sold its entire shares of a wholly owned subsidiary, TOBESOFT JAPAN Co.,Ltd.
TOBESOFT CO., LTD. 
