Ace Technologies Corp. announced a private placement of series 49 Non-guaranteed Private convertible bonds with Bearer Type Interest Part for KRW 10,000,000,000 on April 19, 2022. The transaction will include participation from new investor NV9 Holdings Ltd. The bonds will mature on April 21, 2025.

The coupon rate is 0% and Maturity rate is 5%. The bonds are convertible into 878,889 shares at a conversion price of KRW 11,378 from April 21, 2023 to April 14, 2025. The payment date is April 21, 2022.

The transaction has been approved by the board of directors.