South Korean AI infrastructure company XIIlab disclosed in a November 6, 2026 regulatory filing that its board approved a KRW 10 billion privately placed convertible bond for its AI data-center business. Subscription and cash payment are scheduled for November 16, 2026, so the disclosure records an approved financing, not a completed raise. XIIlab’s announcement connects the proceeds to working capital for GPU-cluster construction and a broader operating model. The company plans to apply its…