Quratis Inc. announced that it expects to receive KRW 7.99999791 billion in funding
On the same day, the company announced that it also issued series 3 unsecured convertible bonds for the gross proceeds of KRW 4,000,000,000. The bonds will be 100% convertible into 1,152,073 common shares at a conversion price of KRW 3,472 per share. The transaction has been approved by the shareholders of the company and is expected to close on November 30, 2023. The bonds will be matured on a debt maturity date of November 30, 2028. and have a maturity interest rate of 7%.