Announcement • Apr 03
Fine Circuit Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Samsung Securities Co.,Ltd., KB Securities Co., Ltd., NH Investment & Securities Co., Ltd., Shinhan Investment & Securities Co., Ltd., Susung Asset Management Co., Ltd.
Fine Circuit Co., Ltd. has announced a private placement of Series 7 Unregistered Unsecured Private Convertible Bonds of the company to raise gross proceeds of KRW 10,000,000,000 on April 2,2026. The transaction includes participation from Mercury Multi-Mezzanine SN2 General Private Investment Trust advised by Mirae Asset Securities Co., Ltd.KRW 1,000,000,000, Suseong KOSDAQ Venture H1 General Private Investment Trust advised by Mirae Asset Securities Co., Ltd.of KRW 500,000,000, VM Elite KOSDAQ Venture General Private Investment Trust advised by Shinhan Securities Co., Ltd. for KRW 1,000,000,000, Life IPO KOSDAQ Venture Private Investment Trust No. 13 advised by NH Investment & Securities Co., Ltd. for KRW 1,000,000,000, Korea KOSDAQ Venture Private Investment Trust No. 3 advised by NH Investment & Securities Co., Ltd. for KRW 350,000,000 and other investors. The Bonds are 100% convertible into 1,941,370 common shares of the company at a conversion price value of KRW 5,151 and carry interest rate of 0% and maturity interest rate of 1%. The conversion billing period starts from April 10, 2027 to March 10, 2029. The transaction has been approved by the board of directors of the company. The transaction is subject to 1 year hold period. The Bonds have a maturity date of April 10, 2029. The transaction is expected to close on April 10, 2026.