IP Monster, Inc. (XKON:A223220) announced a private placement of 5th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 200,000,000 and 4th bearer's interest-free guaranteed private equity convertible bonds for gross proceeds of KRW 300,000,000 on August 1, 2019. The transaction will include participation from Hongmin Kim. The bonds are issued at par. The The bonds carry surface interest rate of 1% and maturity interest rate of 1%. The bonds would mature on September 25, 2024. The bonds are fully convertible into 2,000,000 shares of the company at a fixed conversion price of KRW 100 between the period of September 26, 2020 to August 25, 2024. The transaction is expected to close by September 25, 2019. The transaction has been approved by the board of directors of the company.