Barun Electronics Co., Ltd. announced a private placement of 15th bearer non-guaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on September 23, 2022. The bonds will carry a fixed coupon rate of 2% per annum and maturity rate of 2%. The bonds will mature on October 28, 2025 and convertible into 2,644,103 common shares at a fixed conversion price of KRW 5,673 per share at 100% conversion rate.

The conversion period will start from October 28, 2023 and end on September 28, 2025. The payment date for the transaction is October 28, 2022. The transaction has been approved by the board of directors of the company.