INBIOGEN CO.,Ltd announced that it expects to receive KRW 20 billion in funding
November 25, 2020
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BTONE CO.,Ltd announced a private placement of series 7 Non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 20,000,000,000 on November 25, 2020. The transaction will include participation from JJ 1 Fund. The bonds will mature on January 29, 2024 and will carry 1% interest coupon and 2% yield to maturity. The bonds will be fully convertible into the 2,762,812 registered common stock of the company at a conversion price of KRW 7,239 per share. The conversion period of the bonds will be from January 29, 2022 to December 29, 2023. The bonds will be issued at its par value. The transaction is expected to close on January 29, 2021 and subscription date is November 27, 2020. The transaction was approved by the board of directors of the company. The bonds are subject to a hold period of one year.
InBioGen Co Ltd, formerly BTOne Co Ltd, is a company mainly engaged in the operation of the kiosk business. The Company operates its business through four segments. The Kiosk Business segment is engaged in the operation of unmanned payment machine business in restaurants, karaoke rooms, and personal computer (PC) rooms. The Footwear Business segment is mainly engaged in the sale of children's shoes and adult shoes. The Wood Pellet Business segment mainly sells wood pellets and sawdust. The Other Business segment engages in online and offline education business to foster human resources in the FinTech service, platform business, and block chain industry.
INBIOGEN CO., LTD. 
