iWIN PLUS CO.,LTD. announced a private placement of series 4 non-guaranteed private equity convertible bonds with bearer type interest part for aggregate proceeds of KRW 20,000,000,000 on August 12, 2022. The transaction will include participation from NK Private Investment Co., Ltd. The bonds carry a fixed coupon rate of 6% and yield to maturity of 6% per annum. The bond will mature on October 14, 2025 and will be 100% converted into 29,112,081 common shares.

The conversion period for the bonds is from October 14, 2023 to September 14, 2025. The transaction is expected to close on October 14, 2022. The transaction has been approved by the board of director of the company.