Nanoti Raises 20 Billion Won via Second CB for Dungok Factory

Nanoti has decided to issue 20 billion won worth of its second private convertible bonds (CB), according to bloter.net. The company said the proceeds will fund the expansion of its Dungok Factory and its battery safety materials business.

Of the total, 15 billion won will be invested in the Dungok Factory — 13.5 billion won for construction costs and 1.5 billion won for machinery and facility equipment. The remaining 5 billion won will be used to purchase raw materials and cover corporate operating expenses.

The payment date for the CB is the 20th of this month, and the maturity date is October 20, 2031. The conversion price is set at 8,918 won, or 130% of the base stock price before the board resolution.

Earlier investments and battery materials business

In July 2025, Nanoti decided to invest 16.7 billion won to build a new factory in Dungok-dong, Yuseong-gu, Daejeon for urethane production and fire extinguishing liquid research and manufacturing, with the investment period running until December 2026. In November 2024, the company issued 10 billion won worth of its first convertible bonds, the full amount of which remained outstanding as of the first half of 2025.

Nanoti began supplying thermal runaway prevention pads to three electric vehicle models of a domestic automaker in May 2025, and in August 2025 it secured its first ESS order from SK On's North American ESS project. In the first half of 2025, sales of thermal runaway prevention pads totaled approximately 2.8 billion won, or 11.7% of total sales.

For the first half of 2025, Nanoti reported consolidated revenue of 24 billion won, up 20.6% from 19.9 billion won a year earlier, while operating profit rose from 150 million won to 780 million won. The company recorded a net loss of 250 million won due to financial expenses.