Koasteam to Issue Convertible Bonds Worth 41 Billion KRW
[Asia Economy Reporter Hyungsoo Park] Coasteam announced on the 25th that it will privately issue convertible bonds (CB) worth 41 billion KRW. The maturity date is June 26, 2024, and the interest rate is 0%.
The bonds can be converted into common stock between June 26, 2023, and May 26, 2024. The conversion price is 18,672 KRW. IBK Financial Group Synergy IB Mezzanine New Technology Fund and Synergy-NH Mezzanine Blind No.1 New Technology Business Investment Fund will subscribe to the convertible bonds.
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Coasteam will use the raised funds for clinical costs related to new drug development such as Neuronata-Rju and for establishing overseas GMP facilities.
This content was produced with the assistance of AI translation services.
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