Daeho Al Co.,Ltd. (KOSE:A069460) announced a private placement of type 1 unregistered unsecured domestic private convertible bonds for gross proceeds of KRW 15,200,000,00, type 2 unregistered unsecured domestic private convertible bonds for the gross proceeds of KRW 15,000,000,000, 5,617,977 common shares at an issue price of KRW 4,450 per share for gross proceeds of KRW 24,999,997,650 and type 12 unregistered coupon unsecured private convertible bonds for gross proceeds of KRW 10,000,000,00, for aggregate proceeds of KRW 65,199,999,270 on September 11, 2019. The transaction will include participation from new investor, One Days International for bonds and returning investor Daeho Hitec Co.,Ltd. for common shares. The company will raise funding through third-party allotment. The bonds will be issued at its par value. The bonds do not carry any interest coupon or yield to maturity. The type 1 unregistered unsecured domestic private convertible bonds will mature on October 30, 2022 and type 2 unregistered unsecured domestic private convertible bonds will mature on November 6, 2022. The type 1 bonds are fully convertible into 2,906,309 registered stocks of the company at a conversion price of KRW 5,230 per share and type 2 bonds are fully convertible into 2,868,068 registered stocks of the company at a conversion price of KRW 5,230 per share. The conversion period of the type 1 bonds will be from October 30, 2020 to September 30, 2022 and conversion period of the type 2 bonds will be from November 6, 2020 to October 6, 2022. The company will issue common share at premium having face value of KRW 500. The type 12 unregistered coupon unsecured private convertible bonds will mature on March 13, 2023 and conversion period is from March 13, 2021 to March 5, 2023. Post the transaction, the number of shares will increase from 27,134,839 shares to 32,752,816 shares. The payment date for the type 1 bonds is October 30, 2019, for the common shares is expected on October 30, 2019 and type 2 bonds is expected on November 6, 2019. The payment date for type 12 unregistered coupon unsecured private convertible bonds is expected on March 13, 2020. The common shares being issued in the transaction are subject to a lock up period of one year. The transaction was approved by the board of directors of the company.