Micro Digital Co., Ltd. announced that it expects to receive KRW 9 billion in funding from Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Shinhan Bank Co., Ltd., NH Investment & Securities Co., Ltd., Winvest Venture Partners Inc. and another investor
March 17, 2024
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Micro Digital Co., Ltd. announced a private placement to issue Series 2 Bearer Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 9,000,000,000 on March 18, 2024. The transaction will include participation from new investors NH Investment & Securities Co., Ltd. (From the fiduciary position of Fund 1) for KRW 2,000,000,000, Shinhan Bank Co., Ltd. (From the fiduciary position of Fund 2) for KRW 1,000,000,000, Shinhan Bank Co., Ltd. (From the fiduciary position of Fund 3) for KRW 1,000,000,000, Shinhan Bank Co., Ltd. (From the fiduciary position of Fund 4) for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd. (From the fiduciary position of Fund 5) for KRW 500,000,000, Samsung Securities Co., Ltd. (From the fiduciary position of Fund 6) for KRW 200,000,000, Samsung Securities Co., Ltd. (From the position of trustee of Fund 7) for KRW 300,000,000, Korea Investment & Securities Co., Ltd. (From the fiduciary position of Fund 8) for KRW 500,000,000, Korea Investment & Securities Co., Ltd (From the fiduciary position of Fund 9) for KRW 200,000,000, Korea Investment & Securities Co., Ltd (From the fiduciary position of Fund 10) Ltd. for KRW 100,000,000, NH Investment & Securities Co., Ltd. (From the fiduciary position of Fund 11) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (From the fiduciary position of Fund 12) for KRW 200,000,000, Mirae Asset Securities Co., Ltd. (From the fiduciary position of Fund 13) for KRW 100,000,000, Mirae Asset Securities Co., Ltd. (From the fiduciary position of Fund 14) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (From the fiduciary position of Fund 15) for KRW 200,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 16) for KRW 100,000,000, Mirae Asset Securities Co., Ltd. (From the fiduciary position of Fund 17) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 18) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (From the status of trustee of Fund 19) for KRW 500,000,000, Winvest Venture Partners Inc. for KRW 500,000,000 and individual investor SungShim Kim for KRW 200,000,000. The transaction has been approved by the shareholders of the company and is expected to close on March 20, 2024.
The bonds bear zero coupon rate and 2.5% maturity rate and matures on March 20, 2029. The bonds are 100% convertible into 1,675,977 shares at a fixed conversion price of KRW 5,370 from Match 20, 2025 to February 20, 2029. The securities are restricted to a hold period.
Micro Digital Co., Ltd. is a company mainly engaged in the manufacturing and sale of materials inspection, measurement and analysis instruments. The Company is involved in the research and development, manufacturing and distribution of bio-Analytical systems, medical automation systems and environmental systems. Bio-analytical systems products include micro extinction analysis systems and small emission analysis systems. Medical automation systems products include in vitro diagnostic devices and precision field diagnostic platforms. Environmental systems products include biomass abatement devices. The Company products are mainly distributed under the names of Diamond, Lumi, Nabi and others. In addition, the Company provides containers including plates, cartridges, diagnostic kits, and various supplies.
Micro Digital Co., Ltd. announced that it expects to receive KRW 9 billion in funding from Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Shinhan Bank Co., Ltd., NH Investment & Securities Co., Ltd., Winvest Venture Partners Inc. and another investor