Now Robotics Co., Ltd. (CEO Jong-Joo Lee), an intelligent robot specialist company, announced on the 6th that it has decided to issue 33 billion won worth of unsecured, bearer convertible bonds (CB) to secure future growth engines and strengthen its financial structure.
The convertible bonds being issued this time have a coupon rate and maturity rate of 0%, and the bonds mature on January 14, 2031. The conversion period is set to run from January 14, 2027, to December 14, 2030, and the conversion price is KRW 22,142.
The funds raised will be used for facility capital (KRW 17 billion), operating capital (KRW 2 billion), debt repayment (KRW 1.5 billion), and strategic investment and acquisition of securities from other companies (KRW 7.5 billion). Now Robotics plans to use this funding to focus on expanding its robot production infrastructure and advancing its technology, while simultaneously pursuing strategic investments and business expansion to strengthen its mid- to long-term growth foundation.
The facility funds will be used to purchase land and fund construction for the introduction of robot production equipment and the construction of the NAU campus. Operating funds will be used for research and development and business preparation related to humanoid robots and high-performance reducers. Through these efforts, the company aims to strengthen the competitiveness of its core components and systems.
NowRobotics believes the global robotics industry has entered a phase of structural growth, driven by increased automation in the manufacturing industry, rising demand for logistics and service robots, and the accelerating convergence of AI technology and robotics. The company believes demand for industrial and intelligent robots is steadily increasing, driven by a worsening labor shortage, demands for improved productivity, and the proliferation of smart factories.
A company official stated that the issuance of convertible bonds is a strategic decision to respond to the mid- to long-term growth environment of the robotics industry, and that the company will focus on sustainable growth and enhancing corporate value through expanded facility investment and new business development.
Now Robotics plans to pursue continued growth by strengthening its technological competitiveness and diversifying its business portfolio while maintaining financial stability.
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