Alticast Corporation announced a private placement of series 5 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,500,000,000 on January 31, 2023. The transaction will include participation KB Securities Co., Ltd. for KRW 2,000,000,000, Shinhan Securities Co. Ltd. for KRW 1,000,000,000, and returning investors, Mirae Asset Securities Co.

Ltd. for KRW 200,000,000, Samsung Securities Co., Ltd. for KRW 2,000,000,000, and Kiwoom Securities Co., Ltd. for KRW 300,000,000. The bonds carry fixed coupon rate of 3% per annum, will mature on February 2, 2028, and are fully convertible into 2,813,299 common shares, representing 8.66% stake in the company, at a fixed conversion price of KRW 1,955 per share from February 2, 2024, to January 2, 2028. The transaction has been approved by the board of directors of the company.

The subscription date is February 2, 2023. The payment date for the transaction is on February 2, 2023.