Globon Co., Ltd. announced a private placement of 2,658,396 shares at an issue price of KRW 2,257 per share for the proceeds of KRW 5,999,999,772, Series 5 Unregistered coupon unguaranteed private convertible bond for KRW 10,000,000,000; aggerate proceeds of KRW 15,999,999,772 on October 31, 2022. The transaction will include participation from other investor Quantum 1 Union and Quantum Recycling Solution Co., Ltd. The bonds have an coupon rate of 2%, maturity rate 4%, and will mature on February 17, 2026. The bonds are 100% convertible into 3,894,080 shares at conversion price of KRW 2,568 at the conversion period from February 17, 2024 to January 17, 2026. The transaction for convertible bond is expected to close on February 17, 2023. The company issued shares through third party allotment. The transaction has been approved by the board of the directors. The shares are restricted to a holding period of one year. The transaction for the issue of shares is expected to close on December 7, 2022.


On December 7, 2022, the company announced that the transaction for the issue of shares is expected to close on January 27, 2023. The eligibility date for dividend payout of new shares is January 1, 2022.