Naturalendo Tech Co., Ltd. (KOSDAQ:A168330) announced private placement of series 11 non-guaranteed private equity convertible bonds for gross proceeds of KRW 4,000,000,000 on May 27, 2020. The transaction will include participation from returning investor Suheung Co., Ltd. (KOSE:A008490). The bonds will not carry any interest and will mature on July 9, 2023.

The bonds are fully convertible into 1,584,158 common shares at a fixed conversion price of KRW 2,525 per share from July 10, 2021 to June 30, 2023. The transaction was approved by the board of directors of the company. The payment date and the subscription date is July 9, 2020.