Edison EV Co., Ltd announced a private placement of series 3, series 4, series 5 and series 6 unregistered nonguaranteed private convertible bonds of KRW 20,000,000,000 each for aggregate gross proceeds of 80,000,000,000 on July 26, 2021. The transaction will involve participation from TG Invest Co., Ltd. The bonds will bear 2% interest rate and 2% maturity rate. The series 3, series 4, series 5 and series 6 bonds will mature on October 15, 2024, October 30, 2024, December 15, 2024 and December 15, 2024 respectively. The series 3, series 4, series 5 and series 6 bonds are 100% convertible into 525,541 shares each at a fixed conversion price of KRW 38,056 per share from October 15, 2022 to September 15, 2024, October 30, 2022 to September 30, 2024, December 15, 2022 to November 15, 2024 and December 30, 2022 and end on November 30, 2024 respectively. The date of subscription for series 3, series 4, series 5 and series 6 bonds is July 26, 2021 and expected date of payment is October 15, 2021, October 30, 2021, December 15, 2021 and December 30, 2021 respectively. The transaction is approved by the board of directors of the company. The securities are subject to a hold period of one year from the date of issue. On November 29, 2021, the company announced that the series 3 bonds will mature on April 14, 2025.