M-Venture Investment, Inc. announced that it expects to receive KRW 2 billion in funding
December 10, 2020
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M-Venture Investment, Inc. (KOSDAQ:A019590) announced a private placement of Series 29 unsecured private equity convertible bonds for gross proceeds of KRW 2,000,000,000 on December 11, 2020. The transaction will include participation from Jang, Chul Ho. The bonds bear a coupon rate and yield to maturity of 4% per annum and will mature on December 15, 2025. The bonds are 100% convertible into 1,834,862 common shares representing 2.99% stake at a conversion price of KRW 1,090 per share starting on December 15, 2021 and ending on December 15, 2025. The transaction has been approved by the board of directors of the company. The subscription date and payment date of the transaction is December 15, 2020.
M-VENTURE INVESTMENT, INC. is a Korea-based venture capital firm. The Company provides investment services, including stock subscription, acquisition of convertible bonds or bonds with warrants, as well as project financing services. It also provides consulting services, including start-up-related business consulting and information services, as well as business advice services to start-up founders; research services for the review of business feasibility; setup and operation of a business incubation center; legal advice, tax information and marketing support services to investee companies, and consulting and advice services regarding corporate mergers or acquisitions, sale of assets and divestitures services. In addition, it provides corporate restructuring services.
M-VENTURE INVESTMENT, INC. 
