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The Cody Announces 1.5 Billion KRW Third-Party Capital Increase
Electronic Technology · Electronic Components · yonhap_finance · 2026-08-27
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KOSDAQ-listed The Cody will issue new shares to Gray Rock Investment Fund to raise 1.5 billion KRW for operational funding.
What Happened
Capital Raise: The Cody, a company listed on the KOSDAQ, has announced a third-party capital increase totaling 1.5 billion KRW. The company aims to secure necessary operational funds through this issuance of new shares.
Issuance Details: The company will issue 511,073 new common shares at a price of 2,935 KRW per share. This transaction is structured as a private placement rather than a public offering.
Investor Profile: The designated recipient of the new shares is the Gray Rock Investment Fund. The fund will acquire the entire block of 511,073 shares being offered in this round.
Strategic Use: The proceeds from this capital increase are earmarked for general corporate purposes. By securing these funds, The Cody intends to bolster its working capital and support ongoing business operations.