CENOTEC Co., Ltd. (KOSDAQ:A222420) announced a private placement of series 2 unregistered coupon nonguaranteed private convertible bond for a gross proceeds of KRW 17,500,000,000 on May 14, 2021. The transaction will include participation from new investors Shinhan New Deal Specialized Private Equity Investment Trust No. 1, fund managed by Industrial Bank of Korea, Investment Arm for KRW 3,000,000,000, GV Coben-Alpha Professional Investment Private Equity Fund*Fund and GV Coben-M Specialized Investment Private Equity Fund; funds managed by Samsung Securities Co. Ltd., Investment Arm for KRW 1,500,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 4,000,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 4,000,000,000, New Growth One 2 New Technology Fund for KRW 3,000,000,000 and K Clavis Behi Rechallenge Fund for KRW 1,000,000,000. The bonds will bear an coupon rate of 1% and interest to maturity of 2%. The bonds will mature on May 18, 2026. The bonds will be 100% converted into 8,289,909 common shares at a fixed conversion price of KRW 2,111 per share for an equity stake of 20.64%. The conversion period is from May 18, 2022 to April 18, 2026. The subscription date and the payment date of the transaction is May 18, 2021. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.