WON TECH Co.,Ltd. announced a private placement to issue series 3 bearer-type unsecured private placement convertible bonds for gross proceeds of KRW 75,000,000,000 on May 14, 2026. The transaction includes participation from new investors, Beauty Device 2026 PEF for KRW of 40,000,000,000 and PACM KOSDAQ Venture No. 1 General Private Equity Investment Trust, a fund advised by NH Investment & Securities Co., Ltd for KRW 35,000,000,000.
The bonds have zero coupon rate and zero yield to maturity rate. The bonds will mature on May 22, 2031. The bonds will be 100% converted into 9,068,923 common shares at a fixed conversion price of KRW 8,270 per share.
The conversion period is from May 22, 2027 to April 22, 2031. The payment date of the transaction is May 22, 2026. The transaction has been approved by the board of directors of the company.
The securities are subject to prohibition of conversion, division, and merger for one year from the bond issuance date.
