Aroot Co., Ltd. announced that it expects to receive KRW 2 billion in funding
May 05, 2022
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Aroot Co., Ltd. announced a private placement of 10th round unregistered coupon unguaranteed private convertible bond for a gross proceeds of KRW 2,000,000,000 on May 6, 2022. The bonds will be converted into 3,831,417 common shares at a fixed conversion price of KRW 522 per share.
ARoot Co Ltd, formerly J Stephen Lab Ltd, is a Korea-based company engaged in the manufacturing and sale of mini printers. The Company operates its business through three main segments. The Mini Printer Business segment manufactures and sells point of sale (POS) printers, which are used for receipts output, tickets issuing and lotteries output in department stores, hotels and restaurants; label printers, which are used in plants and distribution centers; mobile printers used for parking management, delivery-related industrials and sticker output, as well as printer mechanisms, which are used for credit card terminals, parking systems, kiosk banking systems and POS systems. The Distribution Business segment sells products such as bags and watches. The Electric Equipment Business segment is engaged in the manufacturing of power supply apparatuses and power converters.
AROOT CO., LTD. 