NANO Co., Ltd. announced that it expects to receive KRW 6 billion in funding from Hanyang Securities Co., Ltd., Investment Arm, Mirae Asset Securities Co., Ltd., Investment Arm, Shinhan Investment Corp., Investment Arm and other investors
June 24, 2021
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NANO Co., Ltd. (KOSDAQ:A187790) announced a private placement of series 5 unregistered coupon nonguaranteed private convertible bond for an aggregate gross proceeds of KRW 6,000,000,000 on June 25, 2021. The transaction will include participation from Focus Mezzanine Alpha Hedge Fund 1 for KRW 300,000,000, Focus SY Fortress KOSDAQ Venture Hedge Fund 1 for KRW 700,000,000, Shinhan Investment Corp., Investment Arm for KRW 1,000,000,000, NH Absolute Return Hedge Fund 1 for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 900,000,000, New Growth One 2 New Technology Investment Association for KRW 800,000,000, Mirae Asset Securities Co., Ltd., Investment Arm for KRW 500,000,000, Blash KOSDAQ Venture Hedge Fund 1 and Blash KOSDAQ Venture Hedge Fund 2 for KRW 400,000,000, and Fund 6: Profit Reach-Rich KOSDAQ Venture Hedge Fund 4 for KRW 400,000,000. The bonds do not carry any rate of interest and will mature on June 29, 2024. The bonds are fully convertible into 3,282,275 shares of the company at a conversion price of KRW 1,828 per share. The conversion period will start from June 29, 2022 and ends on May 29, 2024. The transaction is expected to close on June 29, 2021. The transaction has been approved by the board of directors of the company.
NANO. Co., Ltd. formerly EUGENE SPECIAL PURPOSE ACQUISITION 1 CO., LTD. is a Korea-based company principally engaged in manufacturing catalyst products. The Company's product portfolio consists of De-NOx SCR (selective catalytic reduction) catalyst used for removing NOx contained in exhaust gas discharging from power plants, industrial boilers, ships, incinerators, chemical plants and diesel automobiles and honeycomb SCR catalyst.
NANO Co., Ltd. announced that it expects to receive KRW 6 billion in funding from Hanyang Securities Co., Ltd., Investment Arm, Mirae Asset Securities Co., Ltd., Investment Arm, Shinhan Investment Corp., Investment Arm and other investors