GaeaSoft Corp. (KOSDAQ:A051160) announced a private placement of series 9 non-guaranteed private equity exchange bonds for the gross proceeds of KRW 10,000,000,000 on December 15, 2020. The transaction will include participation from existing investor Korea Investment Innovative Growth Scale-up PEF, a fund managed by Korea Investment Partners Co. Ltd. The bonds will mature on December 17, 2025. The bonds does not carry any coupon. The bonds will be fully exchangeable into 21,937 common shares of Oasis Co., Ltd. at a fixed exchange price of KRW 455,835 per share from December 18, 2020 to November 17, 2025. The transaction has been approved by the board of directors of the company. The expected payment date is December 17, 2020.