Fantagio Corp. announced a private placement of round 6 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 9,000,000,000 on November 29, 2021.The transaction included participation from returning investor MiraeING.Co.,Ltd. The bonds have a fixed coupon rate of 1% per annum, yield to maturity of 2%, and are being issued at par. The bonds will mature on November 29, 2024.

The bonds are 100% convertible into 84,112,149 common shares of the company representing 11.51% stake at a price of KRW 107 per share. The conversion period for bonds is from November 29, 2022 to October 29, 2024. The transaction has been approved by the board of directors of the company.

The securities issued are subjected to one year hold period.