IMG Technology Co., Ltd. announced it has received a private placement of series 2 unregistered nonguaranteed separatable private placement bond with warrants for proceeds of KRW 100,000,000,000 through cash acquisition on March 10, 2022. The transaction included participation from returning investor ILJIN Materials Co., Ltd. The bonds carry a coupon rate of 4.6% and will mature on March 10, 2025. The warrants are fully exercisable into common shares at an exercise price of KRW 49,360.

The board of directors of the company has approved the transaction.