Ascendio Co., Ltd. announced that it expects to receive KRW 3.99999936 billion in funding from Bando Public Management Co., Ltd.
November 14, 2022
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Ascendio Co., Ltd. announced a private placement of 4,081,632 common shares at a par price of KRW 980 per share for gross proceeds of KRW 3,999,999,360 on November 15, 2022. The transaction will include participation from returning investor, Bando Public Management Co., Ltd. The company will raise the funding through third party allocation method. All shares to be issued in the transaction will be subject to a lock-up period till December 07, 2022. The transaction has been approved by the board of the company, and is expected to close on November 23, 2022.
On November 30, 2022, the company announced that the all shares to be issued in the transaction will be subject to a lock-up period till December 21, 2022.
Ascendio Co Ltd, formerly Kiwi Media Group Co Ltd, is a Korea-based company principally engaged in the content business. The Company operates its business through six segments. The Film Business segment is engaged in film production, investment and distribution. The Drama Business segment is engaged in the production and investment of contents such as dramas and others. The Video Business segment is engaged in closed circuit television (CCTV) manufacturing and installation, and software development. The Management Business segment provides services such as artist management and others. The Performance Business segment is engaged in planning and producing performances such as musicals and others. The Other segment provides services such as advertisements and sponsorships, among others.
ASCENDIO CO., LTD. 
