Announcement • Mar 27
People & Technology Ms, Inc. announced that it expects to receive KRW 5 billion in funding from Korea Investment & Securities Co., Ltd., Samsung Securities Co.,Ltd., NH Investment & Securities Co., Ltd., SK Securities Co., Ltd., ESOP
People & Technology Ms, Inc. announced a private placement of Series 3 Unregistered Interest Unsecured Private Convertible Bonds of the company to raise gross proceeds of KRW 5,000,000,000 on March 26, 2026. The transaction includes participation from Suseong KOSDAQ Venture D3 General Private Investment Trust advised by Korea Investment & Securities Co., Ltd for KRW 1,000,000,000, NH Hedge Coven Mezzanine General Private Investment Trust No. 2 advised by Samsung Securities Co., Ltd for KRW 1,000,000,000,JC Asset KOSDAQ Venture Private Investment Trust No. 12 advised by Korea Investment & Securities Co., Ltd for KRW 500,000,000, SK Securities Co., Ltd for KRW 2,000,000,000 and NH Investment & Securities Co., Ltd. for KRW 500,000,000. The Bonds are 100% convertible into 1,566,906 common shares of the company at a conversion price value of KRW 3,191 and carry interest rate of 2% and maturity interest rate of 5%. The conversion billing period starts from April 3, 2027 to March 3, 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 3, 2029.The transaction is expected to close on April 3, 2026.