Elentec Co., Ltd. (KOSDAQ:A054210) announced a private placement of round 6 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 12,000,000,000 on March 12, 2019. The coupon rate and yield to maturity is 0%. Maturity date of bonds is March 18, 2024.

The bonds are 100% convertible into 3,191,489 common shares of the company at a conversion price of KRW 3,760 per share from March 18, 2020 to February 18, 2024. The subscription date is March 14, 2019. The payment date is March 18, 2019.

The transaction has been approved by the board of directors of the company. The transaction included participation from new investors Rhinos KOSDAQ Venture Mezzanine Hedge Fund 1 for KRW 200,000,000; Rhinos Protect Hedge Fund 2 for KRW 500,000,000; Rhinos KOSDAQ Venture Public Stock Hedge Fund 1 for KRW 300,000,000; Rhinos K Mezzanine Hedge Fund for KRW 3,000,000,000; Susung Multi-Mezzanine P1 Hedge Fund for KRW 1,000,000,000; Susung Multi-Mezzanine P4 Hedge Fund for KRW 1,000,000,000; GVA Mezz-V Hedge Fund for KRW 450,000,000; GVA KOSDAQ Hedge Fund, GVA Pure Mezz Hedge Fund for KRW 600,000,000; GVA KOSDAQ IPO-I Hedge Fund for KRW 250,000,000; Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 1,700,000,000; Shinhan Investment Corp. for KRW 1,000,000,000; and Shinhan-Rhinos 1st New Technology Fund for KRW 2,000,0000,000.