Bucket Studio Co., Ltd. announced that it expects to receive KRW 29.9999997 billion in funding from Initial Investment Partnership 1
November 18, 2021
Share
Bucket Studio Co., Ltd announced a private placement of 4,866,180 convertible preferred shares at an issue price of KRW 6,165 and a par value of KRW 500 for gross proceeds of KRW 29,999,999,700 on November 18, 2021. The transaction include participation from Initial Investment Partnership 1. The securities are issued through third party allotment method. The transaction was approved the board of directors of the company. The securities issued are participating and cumulative preferred shares and receive 0% annual dividend. The transaction is expected to close on January 14, 2022. The securities issued are subjected to one year holding period.
BUCKET STUDIO Co.,Ltd., formerly ACOM STUDIO Co., Ltd., is a company mainly engaged in the provision of the text sending services and contents. Along with subsidiaries, the Company operates its business through two segments. The Digital Advertisement (AD) Center segment is involved in the provision of the text sending services. The text sending services are provided under smsjoa. The Content and intellectual property (IP) segment is involved in the sale of digital versatile discs (DVDs), the provision of image contents, the provision of copyright protection services, as well the operation of theaters and theater shops. The Company distributes its products within the domestic market and to overseas markets.
BUCKET STUDIO CO., LTD. 