Mobiis Co., Ltd. (KOSDAQ:A250060) announced a private placement of round 3 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 11,000,000,000 on May 3, 2021. The transaction will include participation from new investors SK Securities Co., Ltd. (KOSE:A001510) for KRW 10,000,000,000, HB-KIS 2019 Fund, a fund managed by returning investor HB Investment, Inc., for KRW 1,000,000,000. The bonds will mature on May 6, 2026.

The bonds will be 100% converted into 3,529,034 common shares at a fixed conversion price of KRW 3,117 per share for an equity stake of 10.16%. The conversion period is from May 6, 2022 to April 6, 2026. The subscription and payment date of the transaction is May 6, 2021.

The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.