INFOMARK Co., Ltd announced a private placement to issue Series 9 Non-guaranteed private placement convertible bonds with bearer interest for the gross proceeds of KRW 9,000,000,000 on January 17, 2024. The transaction will include participation from new investors F&F Co., Ltd. for KRW 2,000,000,000, Elim Corporation Co., Ltd. for KRW 2,000,000,000 and TM Asset Management Co., Ltd. for KRW 5,000,000,000. The transaction has been approved by the shareholders of the company and is expected to close on February 21, 2024.

The bonds are 100% convertible into 2,112,180 shares at a fixed conversion price of KRW 4,261 from February 21, 2025 to January 21, 2027. The bonds bear 4% coupon rate and 5% maturity rate and matures on February 21, 2027. The securities are restricted to a hold period of 1 year.