Nexturn Co.,Ltd. announced a private placement of round 4 bearer type interest part no guarantee private placement convertible bonds for a gross proceeds of KRW 10,000,000,000 on October 29, 2021. The transaction will include participation from SL Vionics Co., Ltd. The bonds carry interest rate of 2.5% per annum and yield to maturity of 4.5% per annum and will mature on November 4, 2024. The bonds are issued at par.

The bonds are 100% convertible into 1,298,701 common shares at a conversion price of KRW 7,700 per share from November 4, 2022 to October 4, 2024. The payment date is on November 4, 2021. The subscription date is on the same day as announced date.

The transaction has been approved by the board of directors of the company. The bonds are subject to a hold period of one year.