Neuros Co., Ltd. (KOSDAQ:A126870) announced a private placement of 8th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 8,500,000,000 on August 24, 2018. The bonds carry 2% yield to maturity and do not carry any coupon. The bonds will mature on August 28, 2021. The bonds are 100% convertible at fixed conversion price of KRW 6,334 per share into 1,341,964 shares. The conversion period will start on August 28, 2019 and will end on July 28, 2021. The transaction has been approved by the board of directors of the company. The subscription date and the payment date is August 28, 2018. The transaction will include participation from Abacus Global Co., Ltd. for KRW 5,000,000,000, DB KOSDAQ Venture Hedge Fund 1, a fund managed by NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, TL Venture Capital Hedge Fund 1, a fund managed by Industrial Bank of Korea, Investment Arm for KRW 1,000,000,000, JS Hedge Fund 2, a fund managed by NongHyup Bank, Investment Arm for KRW 1,000,000,000, and Core Trend,Ltd for KRW 500,000,000.