Philoptics Co., Ltd. (KOSDAQ:A161580) announced a private placement of 3rd unregistered coupon ungauarnteed private convertible bond for gross proceeds of KRW 25,000,000,000 on February 13, 2020. The transaction will include participation from Samsung Securities Co. Ltd., Investment Arm for gross proceeds of KRW 4,000,000,000, AIP Growth Hedge Fund, a fund managed by Shinhan Investment Corp. for gross proceeds of KRW 16,000,000,000, and Shinhan Investment Corp., in the position of trustee of AIP Free IPO Public offering share Private Venture Investment Trust 3 for gross proceeds of KRW 5,000,000,000. The securities have yiel to maturity of 1%. The maturity date of the bonds is February 17, 2025. The bonds will be 100% converted into 2,000,000 shares at a conversion price of KRW 12,500 per share. The start date of the conversion period is February 17, 2021 and end date is January 17, 2025. The transaction has been approved by the company’s board of directors. The subscription date of securities is February 17, 2020. The company expects to close the transaction on February 17, 2020.