On December 14, 2020, TERRASEM Co., Ltd. (KOSDAQ:A182690)closed the transaction. The company announced that it has amended the terms of the transaction. The company now issued 10th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 and 11th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000, for aggregate gross proceeds of KRW 17,000,000,000 in the transaction. The transaction included participation from Gaonnuri Co., Ltd. for both series 10 and series 11 convertible bonds. The bonds are 100% convertible at a fixed conversion price of KRW 2,971 per share. The 10th series bonds are convertible into 1,346,348 shares, representing 6.36% stake, and the 11th series bonds are convertible into 4,375,631 shares, representing 20.68% stake in the company.