KPM TECH Co., Ltd. (KOSDAQ:A042040) announced a private placement of round 10 domestic bearer part two unsecured convertible notes private equity for gross proceeds of KRW 10,000,000,000 on January 18, 2021. The transaction included participation from Seed in Company Limited for KRW 3,000,000,000, Hands Partners Co., Ltd. for KRW 2,500,000,000, Darwin Venture Capital Co., Ltd; a fund managed by Dawin Technology Finance Co., Ltd. for KRW 500,000,000, Jekumeon Investment Co., Ltd for KRW 500,000,000, U&I Partners Co., Ltd for KRW 300,000,000, BlackNumber Investment Management Co.,Ltd. for KRW 300,000,000, individual investors Gyun-i Shin for KRW 1,000,000,000, Yong-dong Yeo for KRW 500,000,000, Myeong-jin Seol for KRW 500,000,000, Seong-gi Baek for 200,000,000, Yoon-seon Yeo for KRW 200,000,000, Jong-pil Lee for KRW 200,000,000, Eung-jo Choi for KRW 200,000,000 and Kwang-woo Choi for KRW 100,000,000. The bonds bear a fixed surface interest rate of 4% and interest rate to maturity of 4%. The notes are unsecured and redeemable. The bonds have a maturity date of January 18, 2024. The bonds are fully convertible at a fixed conversion price of KRW 2,825 per share into 3,539,823 shares from January 18, 2022 to December 18, 2023. The transaction was approved by the board of directors of the company.