Announcement • May 14
Mercury Corporation announced that it expects to receive KRW 12 billion in funding from KB Securities Co., Ltd., Eugene Investment & Securities Co.,Ltd., Samsung Securities Co.,Ltd., JB Woori Capital Co., Ltd.
Mercury Corporation has announced a private placement of Series 7 Unregistered Interest Unsecured Private Convertible Bonds of the company to raise gross proceeds of KRW 12,000,000,000 on May 13, 2026. The transaction includes participation from SP KOSDAQ Venture General Private Investment Trust No. 7 advised by KB Securities Co., Ltd. of KRW 2,000,000,000, Life Mezzanine Private Investment Trust No. 4 advised by Samsung Securities Co., Ltd. of KRW 1,500,000,000, Eugene Investment & Securities Co., Ltd of KRW 4,000,000,000, JB Woori Capital Co., Ltd. of KRW 2,000,000,000 and IBK Capital Co., Ltd. of KRW 2,500,000,000. The Bonds are 100% convertible into 1,190,594 common shares of the company at a conversion price value of KRW 10,079 and carry interest rate of 0% and maturity interest rate of 0%. The conversion billing period starts from May 21, 2027 to April 21, 2031.The transaction has been approved by the board of directors of the company. The Bonds have a maturity date of May 21, 2031. The transaction is expected to close on May 21, 2026.The transaction is subject to 1 year hold period.