IM Tech Inc. (KOSDAQ:A226350) announced a private placement of round 4 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 1,000,000,000 from AK Interactive Co. Ltd on December 14, 2018. The maturity date of the bonds is December 14, 2021. The bonds are issued at 0% coupon rate and 5% yield to maturity. The bonds are 100% convertible into 796,178 common stock at a conversion price of KRW 1,256 representing 3.74% stake in the company from December 14, 2019 to November 14, 2021. The subscription date is December 14, 2018. The payment date is December 14, 2018. The transaction has been approved by board of directors of the company.