YEST Co., Ltd. (KOSDAQ:A122640) announced a private placement of 710,072 registered convertible preferred shares at a price of KRW 14,083 per share for gross proceeds of KRW 9,999,943,976 and round 5 non-guaranteed private equity convertible bonds with bearer interest for the gross proceeds of KRW 20,000,000,000, for aggregate gross proceeds of KRW 29,999,943,976 on May 4, 2021. The transaction will include Growth Support New Technology Business Fund for 355,037 shares; Korea Securities Finance Corporation (Asset One Public Stock KOSDAQ Venture Company Securities Investment TrustIn the trust business status of stock mix-derived type) for 35,503 shares; Korea Securities Finance Co., Ltd. (Asset One KOSDAQ venture public offering REITs Securities Investment TrustIn the trust business status of stock mix-derived type) for 35,503 shares, Korea Securities Finance Co., Ltd.(Asset One Public Stock KOSDAQ Venture Securities Investment Trust No. 5In the trust business status of stock mix-derived type) for 142,015 shares, Shinhan Bank (Asset One Public Stock KOSDAQ Venture Securities Investment Trust No. 3In the trust business status of stock mix-derived type) for 35,503 shares; Shinhan Bank Co., Ltd. (Asset One Public Stock KOSDAQ Venture Securities Investment Trust No. 4In the trust business status of stock mix-derived type for 106,511 shares and Yesty Growth Support New Technology Fund for round 4 non-guaranteed private equity convertible bonds. The maturity date of bonds is May 14, 2026. The bonds carry 0% surface interest rate and interest rate to maturity. The bonds are 100% convertible into 1,268,713 shares at a price of KRW 15,764 per share representing 7.47% of stake in the company. The conversion period of bonds start from May 14, 2022 and ends on April 14, 2026. The company will raise funding through third-party allocation method. The preferred shares bear a dividend of 1% per year on a cumulative/participating basis with no voting rights and are convertible into 355,035 common shares at a conversion price of KRW 14,083 per share from May 14, 2022 to May 14, 2026. The transaction has been approved by the board of directors of the company. The securities to be issued are subject to a hold period of one year. The payment date is on May 14, 2021.