Linkgenesis Co., Ltd. announced that it expects to receive KRW 9.99999825 billion in funding
September 09, 2018
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Linkgenesis Co., Ltd. (KOSDAQ:A219420) announced a private placement of 1,212,121 registered convertible preferred stock of par value KRW 100 issued at KRW 8,250 per stock for gross proceeds of KRW 9,999,998,250 on September 10, 2018. The preferred stock is convertible into common shares of the company at a conversion rate of 1:1. The conversion period is from September 18, 2019 to September 17, 2023. The transaction has been approved by the board of directors of the company. The transaction is expected to close by September 17, 2018.
Linkgenesis Co., Ltd. is a Korea-based company primarily engaged in providing automated software testing solution for semiconductor, Liquid Crystal Display (LCD), Light Emitting Diode (LED) and solar industries. The Companyâs products include Machine Auto Tester (MAT), Validation System For embedded Linux Target (VOLT) and Smart Monkey And Random Tester (SMARTER). It also provides Implementing & operating automated testing environment, outsourced software testing service and test consulting service.