NeonTech Decides to Issue 5 Billion KRW Private Convertible Bonds
[Asia Economy Reporter Moon Hyewon] NeonTech announced on the 21st that it has decided to issue privately placed convertible bonds (CB) worth 5 billion KRW to DB Financial Investment and others.
The coupon rate is 0%, the maturity interest rate is 1.5%, and the conversion price is 3,485 KRW. The conversion request period is from July 23 next year to June 23, 2024, and the shares issued upon conversion account for approximately 3.63% of the total shares (1,434,720 shares).
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The company stated that the funds raised this time will be used as operating capital for equipment and drone research and development, as well as raw material purchases.
This content was produced with the assistance of AI translation services.
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