FLITTO Inc. announced a private placement of series 1 unregistered coupon nonguaranteed private convertible bond for a gross proceeds of KRW 10,000,000,000 on October 29, 2021. The transaction will include participation from BNK Asset Management Co.,Ltd. The bonds will mature on November 02, 2026. The bonds will be 100% converted into 398,406 common shares at a fixed conversion price of KRW 25,100 per share for an equity stake of 7.13%. The conversion period is from November 03, 2022 to October 02, 2026. The payment date of the transaction is November 2, 2021. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.