STCube, Inc. (KOSDAQ:A052020) announced a private placement of third registered/unsecured private convertible bonds for gross proceeds of KRW 2 billion on March 18, 2014. The company will also issue warrants in the transaction. The bonds will mature on March 20, 2017 and will bear a coupon rate of 0% per annum. The bonds will be convertible into common shares at a 100% rate of conversion and at a conversion price of KRW 5,904 per share. The conversion period will start on March 20, 2015 and will end on March 20, 2017.

On March 21, 2014, STCube, Inc. closed the transaction.