Synergy Innovation Co., Ltd. announced a private placement of 13th unregistered nonguaranteed private convertible bond of KRW 7,000,000,000 on September 10, 2021. The expected closing date is on September 13, 2021. The transaction is approved by board of directors the company. The transaction will include participation from NH-Ajou KOSDAQ Scale-up Fund for KRW 5,000,000,000 and Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000. The bonds will mature on August 13, 2025. The bonds are convertible into 1,291,989 shares at a price of KRW 5,418 per share. The conversion price will start from September 13, 2022 to July 13, 2025. The issuance commission of private placements and debentures prohibited for one year from the issuance commission date of bonds.