Announcement • Jun 17
Aroot Co., Ltd. announced that it expects to receive KRW 4.9999936 billion in funding Aroot Co., Ltd. announced a private placement to issue 429,184 shares at an issue price of KRW 4,660 per share for gross proceeds of KRW 1,999,997,440 and 643,776 shares at an issue price of KRW 4,660 per share for gross proceeds of KRW 2,999,996,160; aggregate gross proceeds of KRW 4,999,993,600 on June 15, 2026. The transaction will include participation from returning investor Choi Jeong-im. The transaction has been approved by shareholders,, expected to close on July 14, 2026, restricted to a hold period.
643,776 shares - The transaction will include participation from new investor Next No.2 Fund. The transaction has been approved by shareholders,, expected to close on July 27, 2026, restricted to a hold period. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 20
Aroot Co., Ltd. announced that it expects to receive KRW 10 billion in funding Aroot Co., Ltd announced a private placement to issue series 18 bearer-type interest-bearing unsecured private placement convertible bonds for gross proceeds of KRW 10,000,000,000 on may 19, 2026. The transaction includes participation from new investors, Cryptogrowth No. 1 for KRW 7,000,000,000, Christian Pick Co., Ltd for KRW 1,000,000,000 and Curious Holdings Co., Ltd. for KRW 2,000,000,000. The bonds have coupon rate of 3% and yield to maturity of 4%. The bonds will mature on June 18, 2029. The bonds will be 100% converted into 1,281,722 common shares at a fixed conversion price of KRW 7,802 per share. The conversion period is from June 18, 2027 to may 17, 2029. The payment date of the transaction is June 18, 2026. The transaction has been approved by the board of directors of the company. The security is subject to prohibition of conversion and splitting of principal for one year from the bond issuance date. 
