COSON Co., Ltd. (KOSDAQ:A069110) announced a private placement of series 17 unregistered coupon nonguaranteed private convertible bonds for proceeds of KRW 4,102,100,000, series 18 Unregistered coupon nonguaranteed private convertible bond of KRW 10,000,000,000, and series 19 unregistered coupon nonguaranteed private convertible bonds for proceeds of KRW 10,000,000,000 for total gross proceeds of KRW 24,102,100,000 on February 18, 2021. The transaction will included participation from Kim, Yoon-bae for KRW 1,000,450,000, Golden Apple Holdings Co., Ltd. for KRW 1,000,450,000, Saehan MD Tech Co., Ltd for KRW 1,000,450,000, Believe Fund for KRW 400,350,000, Y2K Partners, LP, a fund managed by Kingsford Capital Management, LLC for KRW 600,100,000, SY Media Group Co., Ltd. for KRW 100,300,000, new investors, KGT Asset Management Co., Ltd. for KRW 10,000,000,000, Pidi New Technologyv Fundv16 for KRW 10,000,000,000. The series 17 and series 19 bonds carry interest rate of 1% and no surface interest rate. The series 18 bonds carry 2% coupon rate and surface interest rate of 2% and will mature on April 1, 2024 and are 100% convertible into 2,174,858 common shares at a conversion price of KRW 4,598. The series 18 bonds conversion request period starts on April 1, 2022 and ends on March 1, 2024. The series 18 bonds subscription date is February 22, 2021 and the payment date is April 1, 2021. The series 17 convertible bonds will mature on February 23, 2024 and series 19 bonds will mature on April 1, 2024. The series 17 bonds are 100% convertible into 892,148 common shares and series 19 bonds is 100% convertible into 2,174,858 common shares at a conversion price of KRW 4,598 each. The series 17 conversion request period starts on February 23, 2022 and ends on January 23, 2024. The series 17 bonds subscription date is February 22, 2021 and the payment date is February 23, 2021 and series 19 bonds subscription date is February 22, 2021 and the payment date is April 01, 2021. The transaction has been approved by the board of directors of the company.