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Global Legal Chronicle: SK Innovation’s Investment in AmogyJune 29, 2022
O’Melveny advised SK Innovation in its investment in Amogy Inc., a pioneer of ammonia power solutions. The investment was announced on June 23. SK Innovation’s investment accounted for US$30 million of a total US$46 million in additional capital raised by Amogy. The transaction is a bridge note financing, convertible into equity upon certain further equity financings. The O’Melveny team advising SK Innovation was led by Korea Corporate Practice Head Daniel Kim, partner Woojae Kim, and associates Hae-in Park and Elizabeth Lopez.
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