EOFLOW Co.,Ltd. announced a private placement to issue Series 3 Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 17,000,000,000 on February 6, 2024. The transaction will include participation from DB Financial Investment Co., Ltd. for KRW 1,000,000,000, Hana Investment Banking & Securities Inc. for KRW 3,000,000,000, Samsung Securities Co., Ltd. for KRW 300,000,000, NH Investment & Securities Co., Ltd. for KRW 680,000,000 and Tiger Investment Advisory Co.,Ltd. The series 3 bonds will have a coupon rate of 0% and yield to maturity rate of 5%, maturing on February 8, 2027. The bonds are fully convertible into 4,522,479 shares of the company at an issue conversion price of KRW 3,759 per share between the period starting from February 8, 2025 and ending on January 8, 2027.

The transaction has been approved by board of directors of the company. The expected date of payment is February 8, 2024.