Alpha Holdings, Inc. announced a private placement of series 12 unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on November 22, 2021. The transaction will include participation from new investor Infinite Tech Fund No.2. The bonds will mature on May 25, 2025. The bonds have a coupon rate of 2% and interest rate to maturity of 3%.

The bonds are convertible into 3,044,140 shares at a conversion price of KRW 3,285 per share from May 25, 2023 till April 25, 2025. The payment date for shares is May 25, 2022. The transaction has been approved by the board of directors.