A-One Alform Co., Ltd announced a private placement of series 8 Unregistered unguaranteed Private convertible bond for gross proceeds of KRW 12,000,000,000 on May 27, 2022. The transaction will include participation from new investors Korea Growth Investment Corporation for KRW 6,000,000,000, Shinhan Capital, Investment Arm for KRW 3,000,000,000, OK Capital Co., Ltd. for KRW 2,000,000,000, and HB Capital Co., Ltd. for KRW 1,000,000,000. The bonds will mature on June 27, 2027 and have a coupon rate of 8% and Maturity rate of 12%.

The bonds convertible into 1,481,156 shares at a conversion price of KRW 3,000 from June 28, 2024 to June 26, 2027. The transaction has been approved by the board of directors. The payment date is June 26, 2027.

All securities issued in the transaction have a hold period of one year.