Blueberry NFT CO.,LTD. announced a private placement of round 5 Unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on November 30, 2021. The transaction will include participation from Withwin-Y Investment Association No.3 for KRW 5,500,000,000 and Geo-One Co., Ltd. for KRW 500,000,000. The bonds are issued at par value.

The bonds carry coupon rate and yield to maturity of 5% per annum and will mature on December 10, 2024. The bonds are 100% convertible into 1,492,908 common shares at a conversion price of KRW 4,019 per share from December 10, 2021 to December 03, 2024. 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 from issuance. The subscription date is on the same day and the payment date is on December 10, 2021.