Tamul Multimedia Co., Ltd announced a private placement of Series 4 unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 80,000,000 and 4,065,040 common shares at an issue price of KRW 4,920 for a gross proceeds of KRW 19,999,996,800 on January 30, 2023. The transaction will include participation of KRW 80,000,000 from Ghost Robotics Technology for convertible bonds and 4,065,040 common shares. The transaction has been approved by the board of directors.

The bonds carry zero interest rate and 1% maturity rate. The bonds will mature on April 28, 2026 and are 100% convertible into 14,062,225 shares at a price of KRW 5,689 per share. The conversion will start from April 28, 2024 to March 27, 2026.

The payment date for bonds is April 28, 2023 and for common stock is March 27, 2023. The bonds are issued at par value and are subject to a hold period of one year from issuance.