AIIT ONE Co., Ltd. (KOSDAQ:A230980) announced a private placement of series 6 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on April 5, 2020. The transaction will include participation from Spinel New Technology Association 34 for KRW 5,000,000,000 and Starters New Technology Association 35 for KRW 5,000,000,000. The bonds will bear fixed interest rate of 4% and coupon rate of 2% per annum. The bonds will mature on April 16, 2024. The bonds are convertible into 1,308,557 common shares at a fixed conversion price of KRW 7,642 per share from April 16, 2022 to March 16, 2024. The date of subscription is April 5, 2021 and expected date of payment is April 16, 2021. The transaction is approved by the board of directors of the company.