Proteina to Raise 7.3 Billion Won in Private Placement of Convertible Preferred Shares
Bitget2026/11/04 09:05- Proteina announced a KRW 7.3 billion private placement of 151,886 registered convertible preferred shares on November 4, 2026.
- The issue price of KRW 48,061 per share represents a 2.23% premium to the reference price.
- Proceeds will allocate KRW 5.2 billion to AI Biofoundry facilities, with KRW 2.1 billion funding platform research and drug-candidate development.
- Payment is due November 12, 2026; all shares carry a one-year lockup.
- The preferred shares initially convert one-for-one into common shares, with conversion requests permitted from November 13, 2027, through October 13, 2031.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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