Leaders Technology Investment Co.,Ltd announced that it expects to receive KRW 5 billion in funding from CANARIABIO M Inc.
February 06, 2023
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Leaders Technology Investment Co.,Ltd announced a private placement of series 20 unguaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 5,000,000,000 on February 7, 2023. The transaction will include participation from returning investor CANARIABIO M Inc. The zero coupon series 20 bonds will mature on July 13, 2026 will be issued through yearning method and will have a yield to maturity rate of 4%. The bonds will be fully convertible into 9,416,195 common shares at an issue conversion price of KRW 531 per share between the period starting from July 13, 2024 and ending on June 13, 2026.
The bonds will have a lock-up period of one year. The expected payment date is July 13, 2023. The transaction has been approved by board of directors of the company.
Plutus Investment Co Ltd, formerly Leaders Technology Investment Co Ltd, is a Korea-based company principally engaged in the provision of venture capital investment and financial related services. The Company operates its business through startup and venture investment, corporate restructuring, merger and acquisition (M&A) arbitration and mediation, management consulting as well as investment in small- and medium-sized enterprises. Its investment targets are small- and medium-sized startups and venture companies primarily engaged in information technology (IT), biotechnology, cultural contents, entertainment, game software and others.
PLUTUS INVESTMENT CO.,LTD 