OHEIM& Company Co.,Ltd. announced a private placement to issue Series 2 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 20,000,000,000 on January 17, 2024. The transaction will include participation from new investors such as KB-Suseong No. 1 New Technology Business Investment Association, Samsung Securities Co., Ltd., KB Securities Co., Ltd., NH Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Mirae Asset Securities Co., Ltd. and Standard Chartered Bank Korea Limited.

The bonds are 100% convertible into 4,964,010 shares at a fixed conversion conversion price of KRW 4,029 from January 19, 2025 to December 19, 2028. The bonds bear 0% coupon rate and 3% maturity rate and matures on January 19, 2029. The transaction has been approved by the board of directors and is expected to close on January 19, 2024.

The securities are restricted to a hold period of 1 year.