Okins Electronics Co., Ltd. (KOSDAQ:A080580) announced a private placement of Series 7 bearer type non-guaranteed non-separable private placement bond with warrants for KRW 12,000,000,000 on June 16, 2021. The transaction will include participation from new investors trustee of Fund 1 for KRW trustee of Fund 1, trustee of Fund 1 for KRW 1,000,000,000, trustee of Fund 2 and Fund 3 for KRW 1,000,000,000, Shinhan Investment Corp. for KRW 2,000,000,000, JPK Co., Ltd. for KRW 5,000,000,000, Neosem Inc. (KOSDAQ:A253590) for KRW 2,000,000,000.

The bonds will mature on June 18, 2026. The bond have a zero coupon rate. The payment date of the transaction is June 18, 2021.

The warrants are exercisable into 501,756 shares from June 18, 2022 to May 18, 2026. The transaction has been approved by the board of directors.