DT&C Co., Ltd. announced that it expects to receive KRW 12 billion in funding from Wooshin Venture Investment Corp. and other investors
September 17, 2020
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DT&C Co., Ltd. (KOSDAQ:A187220) announced that it will issue series 1 non-guaranteed private unregistered convertible bonds for gross proceeds of KRW 7,000,000,000 and series 2 non-guaranteed private unregistered convertible bonds for the gross proceeds of KRW 5,000,000,000 on September 17, 2020. The company will also issue warrants. The transaction will include participation from NH AJU KOSDAQ Scale Up Fund for KRW 5,000,000,000, Bros-DA Value New Technology Fund 1 for KRW 6,000,000,000 and Wooshin Venture Investment Corp. for KRW 1,000,000,000. The bonds will be issued at par. The bonds will bear fixed interest rate of zero coupon per annum and will have yield to maturity of 2% per annum. The series 1 and 2 bonds will mature on September 23, 2023 and September 18, 2023, respectively. The bonds will be fully convertible into 1,665,046 common shares at a fixed conversion price of KRW 7,207 per share. The series 1 bonds are convertible from September 18, 2021 to August 17, 2023 and the series 2 bonds from September 23, 2021 to August 22, 2023. The transaction has been approved from the board of directors of the company. The subscription date for bonds is September 17, 2020. The payment date for series 1 bonds is September 18, 2020 and for series 2 bonds is September 23, 2020.
DT&C Co Ltd is a Korea-based company primarily engaged in the provision of testing and certification services. The Company is engaged in the provision of testing and certification services for information and communication devices such as personal computers, notebook computers, televisions and mobile phones, as well as medical devices and automobiles. The Company is also engaged in the provision of testing and technical services for pharmaceuticals, therapeutics and chemicals. The Company provides its products and services in domestic and international markets.
DT&C.CO.,LTD 