Jaeyoung Solutec Co., Ltd. (KOSDAQ:A049630) announced a private placement of 12th registered Korean private convertible bonds without guarantee for gross proceeds of KRW 22,000,000,000 on March 8, 2021. The bonds will be issued at par. The bonds bear coupon at the fixed rate of 2% per annum and interest rate to maturity is 4% per annum. The bonds will mature on March 12, 2026. The bonds are 100% convertible into 23,280,423 common shares at a fixed price of KRW 945 per share from March 12, 2022 to March 11, 2026. The transaction will include sole participation from new investor J&M Moorim Jade New Technology Business Fund. The transaction was approved by the board of directors of the company. The subscription date is March 10, 2021. The transaction is expected to close on March 12, 2021.