D.I Corporation has announced a private placement of KRW 20,000,000,000 series 17 convertible bonds on June 5, 2024. The bonds carry zero coupon rate and will mature on June 18, 2029. The bonds are fully convertible into 774,113 shares of the company at a conversion price of KRW 25,836 per share.

The conversion period will start from June 20, 2024 and ends on May 18, 2029. The transaction includes participation from group of investors. The transaction is expected to close on June 18, 2024.

The transaction has been approved by the board of directors of the company. All the securities issued under the offering is subject to hold period of 1 year from the date of issuance.