ATON Inc. announced a private placement of Round 3 Type Bearer Unguaranteed Private Equity Exchange Bond for proceeds of KRW 5,469,920,000 on August 16, 2022. The bond will be issued at zero-coupon rate. The bond will mature on August 23, 2027.

The bond will be convertible into 160,000 common shares at a conversion price of KRW 34,187. The bond will be convertible into shares during conversion period starting from August 30, 2022 to July 23, 2027. The transaction has a subscription date and payment date of August 23, 2022.

The transaction has been approved by the board of directors of the company. The bond will be subject to a hold period of one year. The transaction will include participation from History2022 Fintech New Technology Association.