Now Robotics Decides to Issue 33 Billion Won Convertible Bonds: "Expanding Facilities and Strengthening Competitiveness in Robotics Business"

Now Robotics, a company specializing in intelligent robots led by CEO Lee Jongju, announced on January 6 that it has decided to issue 33 billion won worth of bearer, unsecured private convertible bonds (CBs) to secure future growth engines and strengthen its financial structure.

The convertible bonds will have both a zero percent coupon rate and a zero percent maturity interest rate, with the maturity date set for January 14, 2031. The conversion request period will run from January 14, 2027, to December 14, 2030, and the conversion price has been set at 22,142 won.

The funds raised through this convertible bond issuance will be used for the following purposes: 17 billion won for facility investment, 2 billion won for working capital, 1.5 billion won for debt repayment, and 7.5 billion won for strategic investments and acquisition of securities from other companies.

With this capital raise, Now Robotics plans to focus on expanding its robot production infrastructure and advancing its technology, while simultaneously pursuing strategic investments and business expansion to strengthen its foundation for mid- to long-term growth.

In particular, the facility funds will be used for the introduction of robot production equipment and for the purchase of land and construction costs for the NAU Campus (a large-scale production plant and integrated base). The working capital will be allocated to research and development and business preparation for humanoid robots and high-performance reducers. Through these efforts, the company aims to expand its robot production infrastructure and further strengthen its competitiveness in core components and systems.

Now Robotics believes that the global robotics industry has entered a phase of structural growth, driven by the expansion of manufacturing automation, increasing demand for logistics and service robots, and the accelerating convergence of AI technology with robotics. Accordingly, the company plans to lay the groundwork for mid- to long-term growth through proactive investment in facilities and research and development.

Recently, the robotics industry has been entering a rapid growth phase based on manufacturing automation, expansion of logistics and service robots, and integration with artificial intelligence (AI) technology. In particular, structural changes such as worsening labor shortages, increasing demands for productivity improvement, and the spread of smart factories are continuously driving up demand for industrial and intelligent robots.

Major domestic and international companies, as well as governments, are fostering the robotics industry as a next-generation core sector, and robotics is being recognized as a field with high mid- to long-term growth potential, alongside semiconductors, secondary batteries, and the bio industry. In this market environment, Now Robotics aims to solidify its position in the market through proactive investment and strengthening of its technological competitiveness.

A Now Robotics representative stated, "This convertible bond issuance is a strategic decision not only for short-term fundraising, but also to respond to the structural growth phase of the robotics industry," adding, "We will strive for sustainable growth and enhancement of corporate value through expanded facility investment and the pursuit of new businesses."

Meanwhile, Now Robotics plans to continue seeking external growth by maintaining financial stability, strengthening its technological competitiveness in robotics, and diversifying its business portfolio.