Didim Inc. announced that it will issue 9th Bearer Type Interest Part No Guarantee Unregistered Private Placement Convertible Bond for gross proceeds of KRW 2,000,000,000 on April 8, 2022. The transaction has been approved by the board of director of the company. The subscription date is April 8, 2022 and payment date is May 30, 2022.

The bond carries surface rate of 2% and coupon rate of 4%. The bond will mature on May 30, 2025. The bond will convert into 1,287,001 common shares at a conversion price of KRW 1,554.

The conversion period for the bonds will start from May 30, 2023 and end on April 30, 2025. The bond is subject to a hold period of one year. The transaction will include participation from INFO IR Co., Ltd.