Fidelix Co., Ltd. (KOSDAQ:A032580) announced a private placement of 13th round unregistered coupon unguaranteed private convertible bonds for the gross proceeds of KRW 7,000,000,000 on July 9, 2019. The transaction will include participation from Soosung KOSDAQ Venture Multi Asset Public Shares Hedge Fund for KRW 500,000, Soosung KOSDAQ Venture Multi-Asset Open Hedge Fund for KRW 500,000, Soosung KOSDAQ Venture Multi Plus Bonds Hedge Fund for KRW 500,000, Soosung KOSDAQ Venture Multi-Asset Open Hedge Fund 2 for KRW 500,000, Soosung KOSDAQ Venture P1 Hedge Fund for KRW 1,000,000, Soosung KOSDAQ Venture Privilege P2 Hedge Fund for KRW 1,000,000, Anda Cruise Hedge Fund for KRW 1,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 1,000,000 and from LIM Asia Special Situations Master Fund, a fund managed by LIM Advisors Limited for KRW 1,000,000.

The transaction is expected to close on July 11, 2019. The coupon rate of the bonds is 1%, yield to maturity is 3%. The bonds will mature on July 11, 2022.

The bonds are convertible into 4,120,070 shares at a conversion price of KRW 1,699 from July 11, 2020 to June 11, 2022. The transaction has been approved by the board of directors.