AIIT ONE Co., Ltd. announced a private placement of series 10 bearer non-guaranteed interest privately placed convertible bonds for the gross proceeds of KRW 5,000,000,000 on January 18, 2023. The transaction will include participation from Fides Holdings Co., Ltd. The bonds are fully convertible into 6,016,847 shares at a conversion price of KRW 831 per share from starting from January 30, 2024 to December 30, 2025. The bonds will carry a coupon rate of 2% and yield to maturity of 5% and will mature on January 30, 202.

The bonds are restricted to the hold period of 1 year. The transaction has been approved by shareholders of the company. The transaction is expected to close on January 30, 2023.