Finger Story CO., LTD. announced a private placement of series 2 unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 5,800,000,000 on May 30, 2023. The transaction will include participation from new investors Ecpartners Inc. for KRW 1,000,000,000, Gerwon Co., Ltd. for KRW 500,000,000 and individual investors Ha Seung Wan for KRW 3,000,000,000, Shin, In Gyu for KRW 500,000,000, Jung, Hyun Jung for KRW 500,000,000, Oh Jae Ho for KRW 200,000,000 and Kim Hee Soo for KRW 100,000,000. The bonds carry coupon rate & maturity rate of 0% and will mature on June 20, 2027.

The bonds are fully convertible into 1,037,381 common shares at a conversion price of KRW 5,591 per share from June 20, 2024 to May 20, 2027. The bonds are restricted to a hold period of 1 year from the date of issuance. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on June 20, 2023.