Kaonmedia Co, Ltd. (KOSDAQ:A078890) announced a private placement of series 12 unregister coupon nonguaranteed private convertible bond for a gross proceeds of KRW 10,500,000,000 on June 2, 2021. The transaction will include participation from Mirae Asset Securities Co., Ltd.(In the position of a trustee of the Fortress-A Hedge Fund) for KRW 3,000,000,000, GDK Investment Co., Ltd. for KRW 500,000,000, Vector Investment Co., Ltd. for KRW 500,000,000, With Investment Co., Ltd. for KRW 500,000,000, BOOKOOK Securities Co., Ltd. (KOSE:A001270) for KRW 2,000,000,000, EBEST Investment & Securities Co., Ltd. (KOSDAQ:A078020) for KRW 2,000,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 500,000,000, Shinhan Investment Corp.

for KRW 1,500,000,000. The bonds will mature on June 04, 2051. The bonds will be 100% converted into 852,618 common shares at a fixed conversion price of KRW 12,315 per share for an equity stake of 5.32.

The conversion period is from June 04, 2022 to May 04, 2051. The payment date of the transaction is June 04, 2021. The securities issued in the transaction are subject to a lock up period of one year.

The transaction has been approved by the board of directors of the company.