Announcement • May 13
TigerElec Co., Ltd. announced that it expects to receive KRW 30 billion in funding from Daishin Securities Co.,Ltd, Korea Investment Partners Co. Ltd. and other investors.
TigerElec Co., Ltd. announced private placement to issue Zro Coupon Series 1 Unregistered non-interest-bearing unsecured private convertible bonds due May 20, 2031 in the principal amount and gross proceeds of KRW 30,000,000,000 on May 12, 2026. The transaction includes participation from Daishin Securities Co.,Ltd for KRW 2,000,000,000, Korea Investment Core Competency Leverage Fund II for KRW 10,000,000,000 , DAEA 2026 Semiconductor New Technology Fund for KRW 6,000,000,000, NH-Orion Mezzanine New Technology Fund No. 1 for KRW 1,500,000,000 , Samsung-Orion Scale-Up Mezzanine New Technology Fund for KRW 1,500,000,000, NH-A-ONE No. 1 Mezzanine New Technology Fund for KRW 1,000,000,000, NH-Fine Value No. 1 Mezzanine New Technology Fund for KRW 1,000,000,000, Shinhan Securities Co., Ltd.(From the trustee status of 'Fund 1 and 2') for KRW 2,500,000,000, Korea Investment & Securities Co., Ltd.(From the trustee status of 'Fund 3') for KRW 500,000,000, Samsung Securities Co., Ltd. (From the trustee status of 'Fund 4, 5, 6') for KRW 3,000,000,000, Samsung Securities Co., Ltd. (From the trustee status of 'Fund 7') for KRW 1,000,000,000. The bonds are zero coupon, with no yield to maturity and will mature on May 20, 2031. The bonds are 100% convertible into 509,519 common shares at a conversion price of KRW 58,879 at a conversion period of May 20, 2027 to April 20, 2031. The bonds are restricted for 1 year. The transaction is approved by board of directors of the company and is expected to close on May 20, 2026.