Nomus Attracts 40 Billion Won Investment with 40% Premium and No Refixing Clause

Nomus has secured an investment of 40 billion won.

According to Nomus on the 24th, the investment has been raised through a convertible bond (CB) issuance. Institutional investors participated based on their assessment of Nomus' global growth strategy, platform competitiveness, and potential for business expansion. Nomus currently possesses approximately 20 billion won in cash-equivalent assets, ensuring a stable financial base. Through this funding, the company plans to proactively capture growth opportunities and accelerate the expansion of its global business.

The CB has a coupon rate and maturity interest rate of 0%, and its conversion price has been set at 15,520 won, reflecting a 40% premium over the reference stock price. The CB does not include a refixing clause to adjust the conversion price in the event of a stock price decline. The company may exercise a call option on up to 55% of the issuance amount, thus minimizing both dilution pressure and overhang issues for existing shareholders.

The company stated that, in the domestic listed company financing market, these issuer-friendly conditions are exceptionally rare. Institutional investors have accepted a conversion price that is 40% higher than the reference stock price without a refixing clause, demonstrating their confidence in Nomus's business growth and long-term corporate value. The company explained that this decision reflects the judgment that the current stock price undervalues Nomus’s future growth potential.

A Nomus representative said, “This fundraising is not for working capital needs, but is a preemptive growth investment for global business expansion. Thanks to the strong trust from institutional investors, the fundraising was completed in just one week and confirmed at favorable terms.”

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