Lightron Inc. announced that a private placement of series 8 unregistered coupon non-guaranteed private convertible bond for gross proceeds of KRW 15,000,000,000,000 on November 29, 2021. The transaction will include participation from VECTr Systems, Inc. and Merito Partners Co., Ltd. The bonds carry 3% maturity rate and will mature on March 10, 2025. The bonds are 100% convertible into 3,028,468 shares from March 10, 2023 to February 10, 2025. The transaction is expected to close on March 10, 2022.