M-Venture Investment, Inc. announced that it expects to receive KRW 1.5 billion in funding
February 23, 2021
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M-Venture Investment, Inc. (KOSDAQ:A019590) announced a private placement of Series 30 non-guaranteed private equity convertible bonds bearer interest for gross proceeds of KRW 1,500,000,000 on February 23, 2021. The transaction will include participation from Cho, Sung-kyung for KRW 1,000,000,00 and Shin, Jae-ik for KRW 500,000,000. The bonds bear a coupon rate and yield to maturity of 4% per annum and will mature on February 25, 2026. The bonds are 100% convertible into 1,250,000 common shares representing 1.95% stake at a conversion price of KRW 1,200 per share starting on February 25, 2022 and ending on January 25, 2026. The transaction has been approved by the board of directors of the company. The subscription date and payment date of the transaction is February 25, 2021.
M-VENTURE INVESTMENT, INC. is a Korea-based venture capital firm. The Company provides investment services, including stock subscription, acquisition of convertible bonds or bonds with warrants, as well as project financing services. It also provides consulting services, including start-up-related business consulting and information services, as well as business advice services to start-up founders; research services for the review of business feasibility; setup and operation of a business incubation center; legal advice, tax information and marketing support services to investee companies, and consulting and advice services regarding corporate mergers or acquisitions, sale of assets and divestitures services. In addition, it provides corporate restructuring services.
M-VENTURE INVESTMENT, INC. 
