Nanobrick Issues 12 Billion Convertible Bonds... Accelerating Commercialization of Advanced Display New Products

[Asia Economy Reporter Hyunseok Yoo] Nanobrick announced on the 16th that it has decided to issue convertible bonds worth 12 billion KRW to Samsung Securities and others. The coupon and maturity interest rates are both 0%, and the initial conversion price is 7,655 KRW.

A company official stated, "With the funds raised this time, we plan to expand production facilities and technical personnel to accelerate the functional display new material business," adding, "The new product currently undergoing mounting evaluation with customers is expected to show visible results from next year through this investment."

Nanobrick is an advanced materials specialized company based on its self-established nano platform. It can develop and apply various functional new materials on a single common production base. The advanced functional materials produced through the nano platform change color and transmittance according to external stimuli such as electric and magnetic fields.

Nanobrick successfully commercialized materials by entering the anti-counterfeiting business based on security materials. Since then, it has expanded its business area by supplying molecular diagnostic extraction reagents in the bio field.

Recently, it has been tightening its focus on commercializing materials for functional displays. It is developing automotive display products using transmittance control materials with global display companies. Additionally, it is developing emotional display materials that can change the color and pattern of electronic device surfaces with global IT companies.

This content was produced with the assistance of AI translation services.