Enterpartners Co., LTD announced that it expects to receive KRW 45.999992072 billion in funding from RFTech Co., Ltd.
April 11, 2024
Share
Enterpartners Co., LTD announced a private placement to issue 4,383,997 shares at an issue price of KRW 4,562.046099 for the gross proceeds of KRW 19,999,996,411.8777 and 258,933 common shares at an issue price of KRW 3,862 for the gross proceeds of KRW 999,999,246; 3,883,997 common shares at an issue price of KRW 3,862 for the gross proceeds of KRW 14,999,996,414; Series 5 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000; Series 4 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 20,000,000,000; aggregate gross proceeds of KRW 65,999,992,071.8777 on April 12, 2024. The transaction has been approved by the shareholders of the company and is expected to close on May 23, 2024.
258,933 common shares - The transaction will include participation from new investor EP No. 1 Fund. The transaction has been approved by the shareholders of the company. The securities are restricted to a hold period and is expected to close on April 26, 2024.
3,883,997 common shares - The transaction will include participation from new investor RFTech Co., Ltd. for 3,883,997 common shares. The transaction has been approved by the shareholders of the company. The securities are restricted to a hold period and is expected to close on May 23, 2024.
Series 5 Bonds- The transaction will include participation from new investor AFWP New Technology Fund No. 12 for KRW 10,000,000,000. The transaction has been approved by the shareholders of the company and is expected to close on June 23, 2024. The bonds bear 2% coupon rate and 4% maturity rate and matures on June 23, 2029. The bonds are 100% convertible into 2,195,389 shares at a fixed conversion price of KRW 4,555 from June 23, 2025 to May 23, 2029. The securities are restricted to a hold period.
Series 4 Bonds - The transaction will include participation from new investors BDC Labs for KRW 5,000,000,000, Honors Asset Management Co., Ltd. for KRW 5,000,000,000 and Golden Tree Co., Ltd. for KRW 10,000,000,000. The bonds are 100% convertible into 4,390,779 shares at a fixed conversion price of KRW 4,555 from May 23, 2025 to April 23, 2029. The bonds bear 2% coupon rate and 4% maturity rate and matures on May 23, 2029. The transaction has been approved shareholders, restricted to a hold period and is expected to close on May 23, 2024.
RFTech Co.,Ltd. is a Korea-based company mainly engaged in the manufacturing and marketing of value-added products for mobile phones. The Company's mobile phone parts consist of mobile phone chargers, travel chargers, hands-free kits, data link kits, digital multimedia broadcasting (DMB) antennas, data link cables (DLCs), cell phone stylus pens, radio frequency (RF) modules and other accessories. It also involves in the provision of industrial light emitting diode (LED) lightings such as system bar LED lightings, planar lightings, round lightings and others. The Company acts as an original development & design manufacturer (ODM) of Samsung Electronics. It distributes products within domestic market and to overseas markets.
RFTECH CO., LTD. 
