Lightron Inc. announced a private placement of series 12 bearer interest unsecured private placement convertible bonds for the gross proceeds of KRW 20,000,000,000 on November 8, 2023. The transaction will include participation from new investor Buroiler Fund. The bonds carry a coupon rate of 1% and maturity rate of 3% and will mature on January 7, 2027.

The bonds are fully convertible into 5,462,988 common shares at a conversion price of KRW 3,661 per share from January 7, 2025 to December 7, 2026. The transaction has been approved by the board of directors of the company. The subscription date of the transaction is November 8, 2023 and the payment date is January 7, 2024.

The securities are restricted to a hold period.