Incon Co., Ltd. announced that it expects to receive KRW 3 billion in funding
February 17, 2019
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Incon Co., Ltd. (KOSDAQ:A083640) announced a private placement of 7th series unregistered unguaranteed private non-detachable bonds with warrants for gross proceeds of KRW 3,000,000,000 on February 18, 2019. The bonds will be issued at par. The bonds carry a coupon rate of 2.9% and have a yield to maturity of 2.9%. The bonds will mature on February 22, 2022. The warrants are fully exercisable into 2,352,941 common shares of the company at a fixed conversion price of KRW 1,275 from February 22, 2020 to January 22, 2022. The transaction was approved by the board of directors of the company. The transaction will include participation from new investor Multo Co., Ltd. The transaction is expected to close on February 22, 2019.
INCON Co., Ltd., formerly Win4Net Co., Ltd. is a Korea-based company specialized in the development and manufacture of digital video recorders (DVRs) used for security area. The Companyâs products consist of standalone DVRs, personal computer (PC)-based DVRs, analog cameras, color box cameras, indoor dome cameras, outdoor micro dome cameras, outdoor dome cameras and others. Its Internet protocol (IP) products include network video recorders (NVRs), video servers, hybrid DVRs, IP cameras and related software. It also provides storages. It distributes its products under the brand names of Netsafe, Trium, Poswatch, Clevo, Netsafe, Wintera and others. The Company distributes its products within domestic market and to overseas markets.
INCON CO.,LTD. 
