Alpha Holdings, Inc. announced that it expects to receive KRW 3 billion in funding from KB Securities Co., Ltd., Investment Arm
January 28, 2021
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Alpha Holdings, Inc. (KOSDAQ:A117670) announced a private placement of Series 10 non-guaranteed private convertible bonds for gross proceeds of KRW 3,000,000,500 on January 29, 2021. The transaction will include participation from new investor KB Securities Co., Ltd., Investment Arm. The bonds will mature on February 1, 2024. The bonds have a coupon rate of 1% and interest rate to maturity of 3%. The bonds are convertible into 446,428 shares at a conversion price of KRW 6,720 per share from February 1, 2022 till January 1, 2024. The payment date for shares is February 1, 2021 and for bonds and subscription date is January 29, 2021. The transaction has been approved by the board of directors. The bonds will have a hold period of one year, post the closing.
Alpha Holdings, Inc., formerly Alphachips Corp., is a Korea-based company engaged in the manufacture of system semiconductors. The Companyâs product portfolio consists of security integrated circuits (ICs), including security camera ICs and encryption ICs; mobile multimedia ICs, including multimedia ICs and camera signal processor ICs; mobile communication ICs, including digital multimedia broadcasting (DMB) ICs and wireless ICs; display ICs, including timing controller ICs, and other ICs, such as printer processor ICs. It also provides system on chip (SoC) design and development services.
ALPHA HOLDINGS, INC. 
