EMnI Co., Ltd. (KOSDAQ:A083470) announced a private placement to series 12th non-guaranteed private convertible bonds for gross proceeds of KRW 5,150,000,000 on May 13, 2020. The transaction included participation from M & J Investment for KRW 1,000,000,000, Centilion Investment for KRW 3,150,000,000, and Merton Investment Union for KRW 1,000,000,000. The bonds will mature on May 13, 2023. The bonds are 100% convertible into 10,300,000 common shares at a conversion price of KRW 500 per share. The conversion period will start from May 13, 2021 and ends on April 13, 2023. The bonds carry an interest rate of 5% and zero coupon rate. The securities issued in the transaction have a hold period of one year, post closing. The transaction has been approved by the board of directors of the company.