Quantum Semiconductor International Co., Ltd. (KOSDAQ:A066310) announced a private placement of 891,717 preferred shares issued at KRW 15,700 per share for for gross proceeds of KRW 13,999,956,900 on June 19, 2020. The preferred shares will be issued at par. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm for 63,694 preferred shares, Ace Suseong New Technology Investment Association No. 9 for 191,082 preferred shares, IBK Financial Group Synergy Ivy Mezzanine New Technology Association for 63,694 preferred shares, Evest Investment Securities Co., Ltd. for 63,694 preferred shares, Suseong Asset Management Co., Ltd. for 31,847 preferred shares, Platinum-Innovation Venture Fund for 95,541 shares, DB Financial Investment Co.,Ltd., Investment Arm for 63,694 preferred shares, Kolon 2019 Unicorn Investment Association for 254,777 preferred shares and Solon New Technology Association No. 1 for 63,694 preferred shares. The company will issue the securities on third party allotment basis. The preferred shares are redeemable at KRW 15,700 per share. The securities issued in the transaction are subject to a hold period of one year. The preferred shares carry a fixed dividend rate of 5% per annum. The initial conversion price of preferred stock is KRW 15,700. The conversion rate is the number determined by dividing the issued value per share of convertible redeemable preferred shares by the effective conversion price at the time of conversion. The number of shares multiplied by the conversion ratio multiplied by the number of shares exercised for conversion is regarded as the number of shares converted. The transaction was approved by the board of directors of the company. The company expects to close the transaction on June 29, 2020.