Telaum Co., Ltd. announced that it expects to receive KRW 3.500001 billion in funding from Wave Electronics Co., Ltd.
July 28, 2022
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Telaum Co., Ltd. announced that it will issue 2,333,334 shares at an issue price of KRW 1,500 per share for gross proceeds of KRW 3,500,001,000 on July 29, 2022. The transaction will include participation from Wave Electronics Co., Ltd. The transaction is expected to close on August 15, 2022. The transaction was approved by the board of directors of the company.
The company will receive funding through 3rd party allocation.
Wave Electronics Co., Ltd. is a Korea-based company engaged in the manufacture of wireless and wired communication equipment. The Companyâs products consist of amplifiers for base stations, such as digital predistortion amplifiers, analog amplifiers and radio frequency (RF) transceiver units; repeater amplifiers, including code division multiple access (CDMA) products, wideband CDMA (WCDAM) products, worldwide interoperability for microwave access (WIMAX) products and digital multimedia broadcasting (DMB) products, and radio frequency (RF) transceiver units, such as radio remote head (RRH) products, which are used for WIAX, CDMA, WCDMA and long term evolution (LTE). On June 12, 2013, the Company merged with its wholly owned subsidiary, engaged in the research and production of repeater parts.
WAVE ELECTRONICS CO., LTD. 