Playgram Co., Ltd. announced that it expects to receive KRW 10 billion in funding
May 25, 2022
Share
Playgram Co., Ltd. announced a private placement of series 32 unregistered unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on May 26, 2022. The transaction will include participation from Meta Platform No.1 Fund. The bonds have a coupon rate of 0% and yield to maturity of 3%. The bonds will mature on July 15, 2025. The bonds will be 100% converted into 5,624,296 common shares at a fixed conversion price of KRW 1,778 per share for an equity stake of 11.29%. The conversion period is from July 15, 2023 to June 15, 2025. The payment date of the transaction is June 15, 2025. The transaction has been approved by the board of directors of the company. The bond issued at par. The securities issued are subject to a hold period of 1 year from the date of issuance.
On August 16, 2022, the company announced that series 32 unregistered unguaranteed private convertible bond are 100%convertible into 8,382,229 common shares at conversion price of KRW 1,193 per share.
On September 15, 2022, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 8,680,555 shares at a conversion price of KRW 1,152 per share.
On October 17, 2022, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 10,040,160 shares at a conversion price of KRW 996 per share.
On December 15, 2022, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 11,876,484 shares at a conversion price of KRW 842 per share.
On January 16, 2023, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 10,683,760 shares at a conversion price of KRW 936 per share.
On February 15, 2023, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 11,441,647 shares at a conversion price of KRW 874 per share.
On March 15, 2023, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 12,300,123 shares at a conversion price of KRW 813 per share.
On May 15, 2023, the company announced the adjustment of series 32 unregistered unguaranteed private convertible bond. The adjusted 12,547,051 shares at a conversion price of KRW 797 per share.
PlayGram Co Ltd formerly NK Mulsan Co Ltd is a Korea-based company principally engaged in the provision of corporate integrated purchasing agency services. The Company operates its business through two segments. The Maintenance Repair Operations (MRO) segment is engaged in the supply of subsidiary materials, maintenance materials, packaging and logistics materials, as well as research materials for business site operation. The Video Content Business segment is engaged in the planning, production and distribution of broadcast programs and performances.
PLAYGRAM CO., LTD. 
