Nsys Co., Ltd. announced a private placement of series 2 bearer-type interest-bearing reckless private placement convertible bonds for a gross proceeds of KRW 12,000,000,000 on January 26, 2022. The transaction will include participation from Cornerstone Investment Partners Co., Ltd. for KRW 2,000,000,000, and Hi YG Win-Win New Technology Fund 1 for KRW 10,000,000,000. The bonds will mature on January 28, 2027.

The bonds will be 100% converted into 521,739 common shares at a fixed conversion price of KRW 23,000 per share for an equity stake of 4.71%. The conversion period is from January 28, 2023 to December 28, 2026. The payment date of the transaction is January 28, 2022.

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.