TS Trillion Co., Ltd. announced that it expects to receive KRW 12 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, and other investors
April 08, 2021
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TS Trillion Co., Ltd. (KOSDAQ:A317240) announced a private placement of series 2 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 12,000,000,000 on April 9, 2021. The transaction will include participation from Skywalk Fund for KRW 7,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, NH Hedge Fund 1 for KRW 1,500,000,000, NH Hedge Fund 2 for KRW 1,500,000,000, and Kiwoom Securities Co., Ltd., Investment Arm for KRW 1,000,000,000. The bonds are redeemable, carry fixed interest rate of 1% per annum, 2% yield to maturity rate, will mature on April 12, 2026, are fully convertible into 7,884,362 common shares, representing 8.72% stake in the company, at a fixed conversion price of KRW 1,522 per share, from April 12, 2022 to March 12, 2026. The transaction has been approved by board of directors of the company, and is expected to close on April 12, 2021.
TS Trillion Co Ltd, formerly HI Special Purpose Acquisition Co IV, is a Korea-based company engaged in the manufacture and sale of hair loss shampoo products. The Company's main products include All New TS Shampoo, All New Plus TS Shampoo, New Premium TS Shampoo, Premium TS Shampoo, and others. In addition, the Company manufactures and sells hair care products such as Gold Plus TS Shampoo, TS Body Shampoo, TS Cool Shampoo, All New Plus TS treatment, and TS Good Dyeing.
TS Trillion Co., Ltd. announced that it expects to receive KRW 12 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, and other investors
TS TRILLION CO., LTD. 
