T-Robotics.Co.,Ltd. announced that it expects to receive KRW 10.5 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Synergy Investment Advisory Co., Ltd., HI Investment & Securities Co., Ltd., Investment Arm, Shinhan Securities Co., Ltd., Investment Arm
November 15, 2022
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T-Robotics.Co.,Ltd. announced a private placement of series 5 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 10,500,000,000 on November 16, 2022. The transaction will include participation from Kiwoom Securities Co., Ltd., Investment Arm, Synergy Investment Advisory Co., Ltd., HI Investment & Securities Co., Ltd., Investment Arm, Shinhan Securities Co., Ltd., Investment Arm and IBK Financial Group Synergy Ivy Business Reorganization New Technology Combination. The zero coupon bonds will have yield to maturity of 3% and will be maturing on November 18, 2027.
The bonds will be fully convertible into 1,676,512 common shares at an issue conversion price of KRW 6,263 and will be convertible between the period starting from November 18, 2023 and ending on October 18, 2027. The expected date of payment and subscription is November 18, 2022. The transaction has been approved by board of directors of the company.
T-ROBOTICS Co., Ltd is a Korea-based company mainly engaged in the production and sale of semiconductor machineries. The major products include medium to large sized robots for transporting glass used in the display process, medium to large sized system products and modules for logistics used in the display process. The robots include hybrid type, scissors type, link type, and linear type vacuum robots, among others. The system products include mask chambers, transfer chambers, and load lock chambers, among others. In addition, the Company manufactures and sells semiconductor and display small robots. The Company distributes its products within the domestic market and to overseas markets.
T-Robotics.Co.,Ltd. announced that it expects to receive KRW 10.5 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Synergy Investment Advisory Co., Ltd., HI Investment & Securities Co., Ltd., Investment Arm, Shinhan Securities Co., Ltd., Investment Arm