Fantagio Corp. announced a private placement of round 7 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 13,000,000,000 on November 18, 2022.The transaction included participation from INCON Co.,Ltd. The bonds have a fixed coupon rate of 3% per annum, yield to maturity of 7%, and are being issued at par. The bonds will mature on November 18, 2025.

The bonds are 100% convertible into 25,096,525 common shares of the company representing 20.72% stake at a price of KRW 518 per share. The conversion period for bonds is from November 18, 2023 to October 18, 2025. The transaction has been approved by the board of directors of the company.