Incon Co., Ltd. announced that it expects to receive KRW 11 billion in funding from YR Invest Co., Ltd and another investors
June 22, 2021
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Incon Co., Ltd. (KOSDAQ:A083640) announced that it will issue series 11 unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 11,000,000,000 on June 23, 2021. The transaction will include participation from new investors, Slipper Fund for KRW 10,000,000,000 and YR Invest Co., Ltd for KRW 1,000,000,000. The coupon rate and maturity rate is 1% each. The bond maturity date is July 02, 2024. The bonds are fully convertible into 4,325,599 shares representing 9.98% stake at a price of KRW 2,543 per share from July 02, 2022 to June 02, 2024. The transaction has been approved by the board of directors of the company. The subscription date is June 25, 2021 and payment date is July 02, 2021.
INCON Co., Ltd., formerly Win4Net Co., Ltd. is a Korea-based company specialized in the development and manufacture of digital video recorders (DVRs) used for security area. The Companyâs products consist of standalone DVRs, personal computer (PC)-based DVRs, analog cameras, color box cameras, indoor dome cameras, outdoor micro dome cameras, outdoor dome cameras and others. Its Internet protocol (IP) products include network video recorders (NVRs), video servers, hybrid DVRs, IP cameras and related software. It also provides storages. It distributes its products under the brand names of Netsafe, Trium, Poswatch, Clevo, Netsafe, Wintera and others. The Company distributes its products within domestic market and to overseas markets.
INCON CO.,LTD. 
