Lightron Inc. (KOSDAQ:A069540) announced a private placement of series 6 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on February 1, 2019. The transaction included participation from G1230 Educational Institute Co. Ltd. The bonds issued have a fixed coupon rate of 2% per annum payable quarterly and yield to maturity of 5% per annum. The bonds will mature on March 15, 2022. The bonds are issued at par. The bonds are 100% convertible into 506,739 shares at a fixed conversion price of KRW 9,867 per share between March 15, 2020 and February 15, 2022. The transaction is expected to close on March 15, 2019. The board of directors of the company has approved the transaction.