SGA Solutions Co.,Ltd. announced that it expects to receive KRW 3 billion in funding
July 07, 2020
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SGA Solutions Co.,Ltd. (KOSDAQ:A184230) announced a private placement of series 6 non-guaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on July 8, 2020. The bonds carry a coupon rate of 2% and an interest rate of 3% and will mature on July 10, 2023. The bonds are convertible into 3,095,975 common shares at a conversion price of KRW 969 per share and the conversion period will start on July 10, 2021 and end on June 10, 2023. The transaction will include participation from Synergy-NH Mezzanine Blind No. 1 New Technology Business Fund for KRW 1,000,000,000, Synergy Mezzanine Blind No. 3 New Technology Business Fund for KRW 500,000,000, Synergy Mezzanine Blind No. 6 New Technology Business Fund for KRW 1,000,000,000 and Synergy Mezzanine Blind No. 7 New Technology Business Fund for KRW 500,000,000. The transaction has been approved by the board of directors of the company. The subscription and payment date of the transaction is July 10, 2020. The securities issued are subject to restriction period of one year from the date of issuance.
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. 
