Fantagio Corp. announced a private placement of round 5 Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for gross proceeds of KRW 10,000,000,000 on July 19, 2021. The transaction will include participation from Clark Investment Association. The bonds will be convertible into 78,740,157 common shares at a conversion price of KRW 127 per share which represents 12.17% stake in the company. The conversion ratio is 100%. The conversion period will start from July 21, 2022 and end on June 21, 2024. The notes will carry a 1% coupon rate and 1% interest rate and will mature on July 21, 2024. The transaction has been approved by the board of directors of the company. The subscription date and payment date is July 21, 2021.