Woosu AMS Co., Ltd. announced a private placement of 4th series unregistered coupon non-guaranteed private convertible bonds for the gross proceeds of KRW 5,000,000,000 on November 30, 2021. The transaction will include participation from Cuburix. Inc and Pume Asset Management Co.,Ltd. The bonds have a coupon rate of 2% and yield to maturity of 3% with the maturity date of April 08, 2025.

The bonds are convertible into 1,087,902 common shares at a price of KRW 4,596 per share. The bonds have a conversion period from April 8, 2023 to March 8, 2025. The transaction was approved by the board of directors.

The transaction is expected to close on April 08, 2022. The series 5 bonds will bear fixed interest rate of 2% per annum and an interest to maturity rate of 3%. The series 5 bonds will mature on April 08, 2025.

The bonds are convertible into 1,087,902 common shares at a fixed conversion price of KRW 4,596 per share from April 08, 2023 to March 08, 2025. The date of subscription for series 5 is November 30, 2021and expected date of payment is April 08, 2022. The securities issued will be subject to a hold period of one year.

The transaction is approved by the board of directors of the company.