Namu Tech Co.,Ltd. announced that it will issue series 6 unsecured privately placed exchangeable bonds with bearer interest for gross proceeds of KRW 4,400,000,000 on March 8, 2023. The transaction will include participation from NH Investment & Securities Co., Ltd. for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. for KRW 1,400,000,000 and DB Financial Investment Co., Ltd. for KRW 1,000,000,000. The bonds are convertible into 1,369,436 common shares of the company at a price of KRW 3,213.

The notes will bear zero surface interest rate and 3% interest rate to maturity. The notes will mature on September 10, 2023. The conversion period under the transaction will start from March 13, 2023 and ends on September, 4, 2023.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on March 10, 2023.