Optrontec Inc. (KOSDAQ:A082210) announced a private placement of series 11 unregistered coupon non-guaranteed private convertible bond for a gross proceeds of KRW 16,000,000,000 on May 20, 2021. The transaction will include participation from Qualcomm-Company K Mobile Ecosystem Winwin Fund for KRW 3,000,000,000 & Company-K Promising Service Fund for KRW 4,000,000,000, funds managed by Company K Partners Limited (KOSDAQ:A307930), HB Youth Startup Fund, a fund managed by HB Investment, Inc. for KRW 2,000,000,000, Samsung Securities Co., Ltd. in the position of a trust company of the time folio The Venture-G Hedge Fund & Samsung Securities Co., Ltd. in the trust business status of Time Folio KOSDAQ Venture Hedge-S Hedge Fund for KRW 2,560,000,000, Shinhan Financial Investment Co., Ltd. in the position of a trust company of the Time Folio The Venture-V Hedge fund & Shinhan Financial Investment Co., Ltd. in the position of a trust company in the Time Folio KOSDAQ Venture Quant-I Hedge Fund for KRW 1,440,000,000, 2014KIF-SBI IT Professional Fund for KRW 1,500,000,000, SBI-KIS 2016-1 Fund for KRW 1,500,000,000. The bonds will mature on May 26, 2024.

The bonds will be 100% converted into 1,963,431 common shares at a fixed conversion price of KRW 8,149 per share for an equity stake of 7.35%. The conversion period is from May 26, 2022 to April 26, 2024. The subscription date and the payment date of the transaction is May 26, 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.