Inbiogen Secures Total Funding of 60 Billion KRW... "Decides on CB Issuance and Rights Offering"
[Asia Economy Reporter Hyunseok Yoo] Invbiogen announced on the 24th that it has decided to conduct a third-party allotment paid-in capital increase worth 30 billion KRW targeting its largest shareholder, Bucket Studio Co., Ltd., to acquire securities of other corporations. A total of 8,086,254 preferred shares will be newly issued. The issue price per new share is 3,710 KRW.
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At the same time, it will also issue the 8th series convertible bonds (CB) worth 30 billion KRW to BSM No.1 Association. The bond maturity date is February 7, 2025. The coupon rate and maturity interest rate are 1.0% and 2.0%, respectively, and the conversion price is 4,148 KRW. The conversion request period is from February 7, 2023, to January 7, 2025.
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