[Edaily Reporter Shin Ha-yeon ] SILICON 2 Co.,Ltd.(257720)announced on the 18th that it has decided to conduct a third-party private placement to issue 6,666,666 registered redeemable convertible shares (RCS). The expected proceeds amount to 299,999,970,000 won, all of which will be used as working capital.
The issue price for the new shares is 45,000 won per share, representing a 5.64% premium over the reference share price of 42,599 won. The payment date is September 15.
The third-party allottee is “Starlink Investment L.P.,” which will be allocated the entire 6,666,666 shares. The new shares will be subject to a one-year lock-up period. The company plans to use the raised funds as working capital to expand its global infrastructure and increase its market share.
The issue price for the new shares is 45,000 won per share, representing a 5.64% premium over the reference share price of 42,599 won. The payment date is September 15.
The third-party allottee is “Starlink Investment L.P.,” which will be allocated the entire 6,666,666 shares. The new shares will be subject to a one-year lock-up period. The company plans to use the raised funds as working capital to expand its global infrastructure and increase its market share.
