Mobile Appliance, Inc. (KOSDAQ:A087260) announced a private placement of round 4 non-guaranteed private convertible bonds for gross proceeds of KRW 20,000,000,0000 and round 5 kinds non-guaranteed private equity bond with underwriting rights for gross proceeds of KRW 5,000,000,0000 for total proceeds of KRW 25,000,000,0000 on November 20, 2020. The coupon rate is 0% and debt maturity date is November 24, 2025. The debt will be converted into common shares at the price of KRW 5,412 per share. The conversion period starts of November 24, 2021 and ends on October 24, 2025. The transaction has been approved by the board of director of the company. The transaction is expected to close on November 24, 2020. NH Absolute Triton Private Equity Investment Trust No. 1 and NH Absolute Mezzanine Private Equity Investment Trust No. 1 will invest KRW 3,000,000,000, New Growth One New Technology Fund will invest KRW 3,000,000,000, Susung KOSDAQ Venture M6 Professional Investment Private Equity Fund and Suseong KOSDAQ Venture M8 Specialized Investment Private Equity Fund will invest KRW 2,500,000,000, Susung KOSDAQ Venture M5 Professional Investment Private Equity Fund and Susung KOSDAQ Venture M7 Professional Investment Private Equity Fund will invest KRW 1,500,000,000, Shinyoung Planup KOSDAQ venture public offering (Susung Advisory) will invest KRW 1,000,000,000, C Square Mezzanine Plus Professional Investment Private Equity Trust No.18 and C-Square Mezzanine Challenge and Audit Professional Investment Private Equity Trust will invest KRW 2,200,000,000, Csquare Mezzanine Plus Professional Investment Type Private Equity Trust No. 19 will invest KRW 800,000,000, GV Mezz-V2 Specialized Investment Private Equity Fund will invest KRW 2,000,000,000, Shinhan Financial Investment Co., Ltd. will invest KRW 2,000,000,000 and Ebest Investment & Securities Co., Ltd. will invest KRW 2,000,000,000.