DigiCAP Co., Ltd. announced a private placement of series 4 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 11,000,000,000 on October 25, 2021. The transaction will include participation from WJ Trading Co., Ltd. The bonds are issued at zero interest rate and yield to maturity of 3%. The bond would mature on December 10, 2026.

The bonds can be 100% converted into 1,144,760 common shares for 13.30% stake of the company at a fixed conversion price of KRW 9,609 share. The conversion period is from December 10, 2022 to November 9, 2026. The transaction has been approved by the board of directors of the company.

The subscription date is October 25, 2021 and the payment date is December 10, 2021. The bonds to be issued shall have a hold period of one year from the closing of the transaction.