B2En Co., Ltd. announced that it expects to receive KRW 2 billion in funding from NH Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd., Korea Investment & Securities Co., Ltd.
January 14, 2024
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B2En Co., Ltd. announced a private placement to issue Series 5 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 2,000,000,000 on January 15, 2024. The transaction will include participation from new investors NH Investment & Securities Co., Ltd. (Walnut KOSDAQ Venture General Private Equity Trust No. 1) for KRW 500,000,000, Mirae Asset Securities Co., Ltd. (in the position of trustee of D-Block KOSDAQ Venture General Private Equity Trust No.
1) for KRW 500,000,000, Korea Investment & Securities Co., Ltd. (in the position of trustee of TM KOSDAQ Venture General Private Securities Investment Trust No. 1) for KRW 500,000,000 and Korea Investment & Securities Co., Ltd. (in the position of trustee of Summit KOSDAQ Venture General Private Equity Trust No. 1) for KRW 500,000,000.
The transaction has been approved by the shareholders of the company and is expected to close on January 17, 2024. The bonds are 100% convertible into 952,380 shares at a fixed conversion price of KRW 2,100 from January 17, 2025 to December 17, 2026. The bonds bear 0% coupon rate and 3% maturity rate and matures on January 17, 2027 and is restricted to a hold period of 1 year.
B2En Co Ltd, formerly Sangsangin Ian No.1 Special Purpose Acquisition Co Ltd is a Korea-based company principally engaged in the data consulting and data solution business. The Company operates its business through three segments. The Big Data segment engages in consulting businesses such as data service-based data architecture (DA), data modeling, and data tuning. The Data segment provides big data governance, analysis, big data quality management, and artificial intelligence (AI) services. The Solution segment provides information technology (IT) maintenance services and AI solutions, and develops solutions such as smart data quality (SDQ), smart metadata (SMETA), and smart data integration (SFLOW).
B2En Co., Ltd. announced that it expects to receive KRW 2 billion in funding from NH Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd., Korea Investment & Securities Co., Ltd.