I-Scream Edu Co.,Ltd. announced that it will issue series 1 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 16,000,000,000 on April 11, 2023. The transaction will include participation from new investors Samsung Securities Co., Ltd. for KRW 2,00,000,000, KB Securities Co., Ltd. for KRW 3,600,000,000, Mirae Asset Securities Co. Ltd. for KRW 1,400,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. for KRW 3,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 2,000,000,000, The Korea Securities Finance Corporation for KRW 1,000,000,000, Hi Investment & Securities Co.,Ltd. for KRW 1,000,000,000 and Ace Susung New Technology Fund 17 for KRW 1,000,000,000.

The bonds will bear fixed interest rate of 0% per annum and maturity of 2% per annum. The bonds will mature on April 13, 2028. The bonds are convertible into 2,953,664 common shares at a fixed conversion price of KRW 5,417 per share from April 13, 2024 to March 13, 2028.

The transaction is expected to close on April 13, 2023. The transaction is approved by the board of directors of the company.