V-One Tech Co., Ltd. announced that it expects to receive KRW 15 billion in funding
March 08, 2021
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V-One Tech Co., Ltd. (KOSDAQ:A251630) announced a private placement of series 1 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on March 9, 2021. The transaction will include participation from new investors NH Aju KOSDAQ Scale-up Fund for KRW 5,000,000,000 and NH-Su Investment Innovative Growth M&A Fund for KRW 10,000,000,000. The bonds will not carry any coupon rate or interest rate to maturity. The bonds will mature on March 12, 2026. The bonds are fully convertible into 1,236,501 shares at a conversion price of KRW 12,131 per share. The conversion period starts from March 11, 2022 and ends on March 12, 2026 with a subscription date of March 11, 2021. The transaction is expected to close on March 12, 2021. The transaction has been approved by the board of directors of the company. The securities are subject to a hold period of 1 year.
V-ONE TECH CO., LTD. is a Korea-based company principally engaged in the manufacturing and distribution of vision inspection equipment. The Companyâs major products include liquid crystal display (LCD) and organic light emitting diodes (OLED) denting inspecting apparatus; OLED mask and lamination related software (S/W) and inspecting equipment; secondary cells and solar inspecting equipment and others. The Company distributes its products within domestic market and to overseas markets including mainland China and Taiwan.