MICRO2NANO, Inc. announced that it expects to receive KRW 10 billion in funding from KB Securities Co.,Ltd, NH Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd., Shinhan Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd. and another investor
June 10, 2024
Share
MICRO2NANO, Inc. announced a private placement to issue Zero Coupon Series 2 Bearer-Type Interest-Free Unsecured Private Placement Convertible Bonds due June 13, 2029 for the gross proceeds of KRW 10,000,000,000 on June 11, 2024. The transaction will include participation from Korea Investment & Securities Co., Ltd. for KRW 2,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000, LS Securities Co., Ltd. for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 1) for KRW 200,000,000, NH Investment & Securities Co., Ltd . (in the fiduciary position of Fund 2) for KRW 800,000,000, KB Securities Co., Ltd (in the fiduciary position of Fund 3) for KRW 1,000,000,000.
The bonds are 100% convertible into 695,168 shares at a fixed conversion price of KRW 14,835 from June 13, 2025 to May 13, 2029. The bonds bear zero coupon rate and zero maturity rate and matures on June 13, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 13, 2024.
Mirae Asset Securities Co Ltd, formerly Mirae Asset Daewoo Co Ltd, is a Korea-based company principally provides financial services. The Company operates its business through four segments. The Sales and Trading segment is engaged in the supply of bonds, internal and external derivatives, and hedge management. The Wealth Management segment is engaged in brokerage of securities, sales of asset management products, and provision of financial consulting services. The Investment Banking segment provides corporate financing, private equity fund (PEF), and merger and acquisition (M&A) related services. The Principal Investment and Other segment is engaged in equity capital investment and other business activities.
MICRO2NANO, Inc. announced that it expects to receive KRW 10 billion in funding from KB Securities Co.,Ltd, NH Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd., Shinhan Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd. and another investor