T-Robotics.Co.,Ltd. (KOSDAQ:A117730) announced that it will issue Series 4 Unregistered nonguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000, 1,023,148 Registered convertible preferred shares at a price of KRW 7,819 per share for gross proceeds of KRW 7,999,994,212 and 255,787 common shares at an issue price of KRW 7,819 per share for gross proceeds of KRW 1,999,998,553; for aggregate gross proceeds of KRW 14,999,992,765 on June 10, 2021. The bonds transaction will include participation from Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 1,000,000,000, Leading Ace Capital Co.,Ltd. for KRW 2,000,000,000, funds managed by Korea Investment & Securities Co., Ltd., Investment Arm for KRW 700,000,000 and KB Securities Co., Ltd., Investment Arm for KRW 1,300,000,000 and the preferred shares transaction will include participation from funds managed by Korea Securities Finance Corporation, Investment Arm for 588,310 shares and Shinhan Bank, Investment Arm for 434,838 shares through third party allocation.

The bonds are zero coupon bonds with no yield to maturity and are being issued at par. The bonds will mature on June 18, 2026. The bonds are 100% convertible into 565,482 common shares representing 4.08% stake at a fixed conversion price of KRW 8,842 per share from June 18, 2022 to May 18, 2026.

The preferred shares are convertible into 1,023,148 common shares at a conversion price of KRW 7,819 per share from June 18, 2022 to June 18, 2026. The transaction is approved by the board of directors of the company. The transaction is expected to close on June 18, 2021.

The subscription date of the bonds is on the same date. The securities issued in the transaction are subject to one year hold period.