Announcement • Jan 23
CANVAS N Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from KB Securities Co., Ltd. and another investor
CANVAS N Co.,Ltd. announced a private placement to issue 2% Series 8 Unregistered Interest Unsecured Private Convertible Bonds due February 20, 2029 for gross proceeds of KRW 3,000,000,000 and 2% Series 7 Unregistered Interest Unsecured Private Convertible Bonds due February 20, 2029 for gross proceeds of KRW 7,000,000,000; aggregate gross proceeds of KRW 10,000,000,000 on January 22, 2026. The transaction will include participation from new investor SG Mirae Vision No. 2 for KRW 3,000,000,000. The transaction has been approved by shareholders, expected to close on February 20, 2026, bears 2% coupon rate, 7% maturity rate and matures on February 20, 2029, 100% convertible into 1,697,792 shares at a fixed conversion price of KRW 1,767 from February 20, 2027 to January 20, 2029 and restricted to a hold period.
Series 7 bonds - The transaction will include participation from new investor KB Securities Co., Ltd. (from the trustee status of Pum E General Private Equity Investment Trust No. 1) for KRW 7,000,000,000. . The transaction has been approved by shareholders, expected to close on February 20, 2026, bears 2% coupon rate, 7% maturity rate and matures on February 20, 2029, 100% convertible into 3,961,516 shares at a fixed conversion price of KRW 1,767 from February 20, 2027 to January 20, 2029 and restricted to a hold period.