DYD Co.,LTD. announced a private placement of 6th series unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on February 15, 2023. The transaction will include participation from Hustory Co., Ltd. for KRW 6,600,000,000, UAM Development PFV Co., Ltd. for KRW 1,000,000,000, Bit Global Co. Ltd for KRW 1,400,000,000, Two Stone Group Co., Ltd. for KRW 1,000,000,000. The bond carry coupon rate of 6.5% and have yield to maturity of 8%. The bonds have a holding period of 1 year and will mature on February 24, 2026. The bonds will be 100% convertible into 5,073,566 common shares of the company, representing 13.81% of the total number of shares at a fixed conversion price of KRW 1,971 per share. The conversion period is from February 24, 2024 to January 24, 2026. The subscription date of transaction is February 15, 2023 and payment date is February 24, 2023. The transaction has been approved by the board of directors of the company.

On May 24, 2023, the company announce that the Series 6 bonds which are 100% convertible into 5,861,664 shares at a fixed conversion price of KRW 1,706 per share.