Kornic Glory Co. Ltd. (KOSE:A094860) announced a private placement of series no 8 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on May 11, 2021. The transaction will include participation from new investors Soonsoojaa Co., Ltd. for KRW 1,500,000,000, Geum Sangyeon for KRW 1,000,000,000, Codes Co., Ltd. for KRW 1,000,000,000, BTC Investment for KRW 500,000,000, Jaedam Inc. for KRW 500,000,000, and existing investor WIZ CORP, Inc. (KOSDAQ:A038620) for KRW 500,000,000. The bonds will carry an annual coupon rate of 4% with interest to maturity of 7% and will be convertible into common shares at KRW 2,052 per share and can be exercised from May 13, 2022 to April 13, 2024. The transaction has been approved by the board of directors. The payment date and subscription date are May 13, 2021.