Leenos Corp. announced that it expects to receive KRW 16.769816613 billion in funding from Sewon Co., Ltd., Polaris Office Corp., Y2k Partners Co., Ltd. and other investors
December 25, 2023
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Leenos Corp. announced a private placement of 4,685,820 common shares at a price of KRW 891 per share for the gross proceeds of KRW 4,175,065,620 on December 26, 2023. The transaction has been approved by the shareholders of the company and is expected to close on May 30, 2024.
On the same day, the company announced that it has amended the terms of the transaction. The company will now issue 6,621,774 common shares at a price of KRW 891 for the gross proceeds of KRW 5,900,000,634. The transaction is now expected to close on May 30, 2024.
On the same date, the company announced that it has amended the terms of the transaction. The company will now issue 10,685,422 shares at an issue price of KRW 2,217.483597 for the gross proceeds of KRW 23,694,748,012.02293. The transaction will include participation from Sewon Co.,Ltd. The transaction is now expected to close on May 30, 2024.
On the same date, the company announced that it has amended the terms of the transaction. The company will now issue 18,821,343 shares at an issue price of KRW 891 for the gross proceeds of KRW 16,769,816,613. The transaction will include participation from Sewon Co.,Ltd for 4,146,743 shares, Polaris Office Corp. for 6,621,774 shares, Y2k Partners Co., Ltd for 561,168 shares, ST Holdings Co., Ltd for 1,907,969 shares, Nine River Co., Ltd for 336,701 shares, individual investor, J Hooyeon for 561,168 shares. The transaction is now expected to close on May 30, 2024.
Polaris Office Corp, formerly Infraware Inc, is a Korea-based company principally engaged in the software development business. The Company operates its business through four segments. The Office Solution segment develops office software such as Polaris Office and others. The Game segment is engaged in the development and publishing of mobile games. The Information Technology (IT) and Collaboration Service segment provides IT collaboration services such as mobile security solutions and collaboration solutions, among others. The Other segment is engaged in the software supply and service business.
Leenos Corp. announced that it expects to receive KRW 16.769816613 billion in funding from Sewon Co., Ltd., Polaris Office Corp., Y2k Partners Co., Ltd. and other investors