Signet EV Inc. (XKON:A260870) announced a private placement of 4th series unregistered private convertible bonds for gross proceeds of KRW 3,800,000,00 0 on December 20, 2017. The transaction will include participation from new investor, Mega PS Milestone Fund 1, a fund managed by Mega Investment Co., Ltd and PS Capital Partners Co., Ltd. The bonds will be issued at par. The bonds will carry a coupon of 2% and yield to maturity of 6%. The bonds will mature on December 21, 2022. The bonds will be fully convertible into 330,769 shares of the company at a fixed conversion price of KRW 13,000 per share between the period of December 21, 2017 to December 20, 2022. The subscription and the payment date is December 21, 2017. The transaction has been approved by the board of directors of the company.