Announcement • Apr 24
Itcenpns Co.,Ltd. announced that it expects to receive KRW 10 billion in funding
Itcenpns Co.,Ltd. announced private placement to issue Zero Coupon Series 4 Unregistered Interest Unsecured Private Convertible Bonds in the principal amount and gross proceeds of KRW 10,000,000,000 on April 22, 2026. The transaction includes participation from KB Securities Co., Ltd. (in the status of a trustee of Fund 1) for KRW 800,000,000, Mirae Asset Securities Co., Ltd. (from the status of a trustee of Fund 2) for KRW4,500,000,000, Mirae Asset Securities Co., Ltd. (in the position of trustee of Fund 3) for KRW 500,000,000, Mirae Asset Securities Co., Ltd. (in the position of trustee of Fund 4) for KRW 1,000,000,000, Mirae Asset Securities Co., Ltd. (in the position of trustee of Fund 5) for KRW 1,000,000,000, SWI New Fund for KRW 2,200,000,000. The bonds are zero coupon with yield to maturity of 3.5% and will mature on April 29, 2031. The bonds are 100% convertible into 2,521,432 common shares at a conversion price of KRW 3,966 at a conversion period from April 29, 2027 to March 29, 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 April 29, 2026.