SGA Solutions Co.,Ltd. announced that it expects to receive KRW 18.5 billion in funding from Eugene Global Inc. and other investors
July 27, 2021
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SGA Solutions Co.,Ltd. announced a private placement of series 8 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 18,500,000,000 on July 28, 2021. The bonds carry a coupon rate of 0% and maturity interest rate of 1% and will mature on July 30, 2024. The bonds are convertible into 11,205,330 common shares at a conversion price of KRW 1,651 per share and the conversion period will start on July 30, 2022 and end on June 30, 2024. The transaction will include participation from IBK Financial Group Synergy Ivy Business Reorganization New Technology Investment Association for KRW 5,000,000,000, Synergy Digital New Deal 1 New Technology Business Investment Association for KRW 1,500,000,000, SKS-Notic 1 New Technology Investment Association for KRW 5,000,000,000, Keywest-Synergy Digital New Hedge Fund 1 for KRW 4,000,000,000 and Eugene Global Inc. for KRW 3,000,000,000. The transaction has been approved by the board of directors of the company. The payment date of the transaction is July 30, 2021.
SGA Solutions Co Ltd is a Korea-based company mainly engaged in the provision of software security solutions. The Company develops and provides security solutions such as server security, application security, endpoint security, and integrated security. And the Company also provides services such as building and maintenance of system. In addition, the Company sells products such as Motorola solutions.
SGA SOLUTIONS CO.,LTD. 
