TOBESOFT Co., Ltd. announced a private placement of series 15 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on April 24, 2023. The transaction will include participation from Kim Moranhee. The bond will carry fixed coupon rate of 2% and maturity rate of 4%.

The bond will mature on July 18, 2026. The bond will be fully convertible into 4,284,490 shares of the company at a conversion price of KRW 1,167 per share. The conversion will start from July 18, 2024 and ends on June 18, 2026.

The transaction is expected to close on July 18, 2023. The transaction has been approved by the board of directors of the company.