Vision AI solution company Alchera announced on the 7th that it had successfully completed a paid-in capital increase subscription for existing shareholders.

According to Alchera, the final subscription rate was 93.18%, with the number of shares subscribed through new stock subscription warrants reaching 11,884,530 shares, the number of oversubscribed shares reaching 2,091,914 shares, and the total number of shares subscribed reached 13,976,444 shares. Accordingly, the capital increase is expected to be completed without subscription of real rights shares to general investors.

Alchera repaid all of its second convertible bonds prior to this paid-in capital increase, and secured an additional 14.5 billion won in funds through the subsequent paid-in capital increase. Through this, it is expected to strengthen its financial soundness. The secured funds will be used for expanding new businesses and advancing artificial intelligence (AI) technology.

In particular, Alchera is expected to turn its operating profit into a surplus in the fourth quarter of last year by actively pursuing business structure improvement and operating cost reduction since last year.

Alchera CEO Hwang Young-gyu said, “The successful completion of this paid-in capital increase is a result that demonstrates the market’s trust in Alchera’s growth potential based on its financial stability,” and explained, “We will do our best to use the secured funds to ensure the company’s continued growth based on our AI technology, and in particular, we will make sure to repay the shareholders who have believed in and supported Alchera to the end with results.”