DeviceENG.CO.,Ltd announced a private placement of 2nd unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 and 3rd unregistered coupon nonguaranteed private bond with warrant for gross proceeds of KRW 10,000,000,000 for aggregate gross proceeds of KRW 20,000,000,000 on October 13, 2021. The 3rd bond carries zero coupon rate and will mature on October 15, 2026. The bond will bond will be convertible into 364,963 shares of the company at a conversion price of KRW 27,400 per share.

The conversion period will start from October 15, 2022 and ends on September 15, 2026. The transaction included participation from Anda H Mezzanine Hedge Fund 11 for KRW 4,000,000,000, C-Square Sniper Hedge Fund 15 for KRW 3,000,000,000, and Brain Growth Company BufferedBottomOpenTop Mezzanine Hedge Fund for KRW 3,000,000,000. The transaction has been approved by the board of directors of the company.

The payment date is on October 15, 2021.