AT semicon Co., Ltd. announced that it has received KRW 195.231118564 billion in funding from Paratech Company Limited
On the same day. the company announced that Series 18 Privately placed convertible bonds with bearer interest will have a coupon rate of 2%, yield to maturity for 3%, will mature on November 25, 2025. The transaction included participation from Paratech Company Limited for KRW 13,000,000,000. The bonds are 100% convertible into 8,441,558 common shares at an fixed conversion price of KRW 1,540 per share for the period from November 25. 2023 to October 25, 2025. The transaction is closed on November 25, 2022.
On November 25, 2022, the company received second tranche of KRW 25,000 through the sale of series 18 bonds.
On December 15, 2022, the company announced that it has cancelled the remaining transaction.