CODI-M Co., LTD. (KOSDAQ:A224060) announced a private placement of 6th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on December 13, 2018. The transaction will involve participation from Carlsbad Fund. The bonds will carry zero coupon rate and will mature on December 20, 2021. The bonds will be fully convertible into 6,377,551 shares at a conversion price of KRW 784 from December 20, 2019 to November 20, 2021. The transaction is expected to close on December 20, 2018. The transaction was approved by the board of directors of the company.