RFTech Co., Ltd. announced a private placement of series 3 non-guaranteed private placement convertible bond for gross proceeds of KRW 30,000,000,000 on June 23, 2023. The transaction will include participation from new investor, Synergy IB Materials, Parts and Equipment Fund 3. The bonds will carry a coupon rate of 2% and yield to maturity of 4% each. The bonds will mature on July 4, 2028.

The expected closing date and subscription date of the transaction is July 4, 2023 and June 26, 2023 respectively. The bonds will be fully convertible into 6,933,210 shares at a conversion price of KRW 4,327 from July 4, 2024 to June 4, 2028. The transaction was approved by the board of directors of the company.