NuriFlex Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from A One Asset Management Co., Ltd, JC Asset Management Co., Ltd., Orion Capital Management, Rhinos Asset Management Co., Ltd, W Asset Management Co., Ltd., JJ Assets Co., Ltd.
November 29, 2021
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Nuri Telecom Co. Ltd. announced a private placement of 4th unregistered coupon unguaranteed private convertible bonds for gross proceeds of 15,000,000,000 on November 29, 2021. The transaction will include participation from A One Ace Mezzanine Hedge Fund, A One Mezzanine Step-Up Hedge Fund, A One Master Mezzanine Hedge Fund, A One Signature Mezzanine Hedge Fund, A One Masters KOSDAQ Venture General Private Equity Trust, A One Impact KOSDAQ Venture General Private Equity Trust and A One Grace Mezzanine Hedge Fund, funds managed by A One Asset Management Co., Ltd for KRW 2,000,000,000, JC Asset KOSDAQ Venture Hedge Fund 1, JC Asset KOSDAQ Venture Hedge Fund 6 and JC Asset KOSDAQ Venture Hedge Fund 8, funds managed by JC Asset Management Co., Ltd. for KRW 2,000,000,000, Orion New Deal Stepping Stone Hedge Fund 1, Orion Luxury KOSDAQ Venture Hedge Fund 49 and Orion Mezzanine KOSDAQ Venture General Private Equity Trust 64, funds managed by existing investor Orion Capital Management for KRW 2,000,000,000, Rhinos Mezzanine Private Equity Investment Trust. 9, Rhinos Mezzanine Private Equity Investment Trust 10, Rhinos Mezzanine Professional Investment Private Equity Investment Trust 11, Rhinos S-Mezzanine Private Equity Investment Trust 1, Rhinos Mezzanine Professional Investment Private Equity Investment Trust 12, Rhinos KOSDAQ Venture Public Offering Stock Private Equity Investment Trust 4 and Rhinos Premier Mezzanine Private Equity Investment Trust 1, funds managed by Rhinos Asset Management Co., Ltd for KRW 8,000,000,000, W Asset Management Co., Ltd. for KRW 500,000,000 and JJ Assets Co., Ltd. for KRW 500,000,000. The zero-coupon bonds will mature on December 01, 2026. The bonds are fully convertible into 1,604,964 common shares at a fixed conversion price of KRW 9,346. The bonds will be convertible from December 01, 2022 to November 01, 2026. The subscription and payment date is December 01, 2021. The transaction has been approved by the board of directors of the company. The securities issued are subject to a hold period of one year from the date of issue.
NuriFlex Co Ltd, formerly Nuri Telecom Co Ltd, is a Korea-based company principally engaged in the advanced metering infrastructure (AMI) business. The Company operates its business through four segments. The Electric Power Internet of Things (IoT) Business segment is engaged in the development and supply of AMI solutions. The Public IoT Business segment is engaged in green new deals business such as microgrid, energy efficiency and smart city, among others. The Industrial IoT Business segment provides barcode and radio frequency identification (RFID) system solutions related to logistics automation systems. The Other segment provides network application system (NAS) center.
NuriFlex Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from A One Asset Management Co., Ltd, JC Asset Management Co., Ltd., Orion Capital Management, Rhinos Asset Management Co., Ltd, W Asset Management Co., Ltd., JJ Assets Co., Ltd.