IntroMedic Co., Ltd. announced a private placement of series 13 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on November 29, 2021. The transaction will include participation from new investor World Metal Co. Ltd for securities issued.

The bonds have yield to maturity of 6% per annum with interest rate of 6% per annum. The bonds will mature on February 10, 2025. The bonds are 100% convertible into 3,451,251 shares at a conversion price of KRW 5,795 per share.

The start date of conversion period is February 10, 2023 and end on January 10, 2025. The subscription date is on November 29, 2021. The company expects to close the transaction on February 10, 2022.

The transaction has been approved by the company's board of directors. The securities issued are subjected to one year holding period from issuance and are issued at par value.