GeneMatrix Inc. (KOSDAQ:A109820) announced a private placement of round 3 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,500,000,000 with Platform Partners Smart Mezzanine 4.0 Private Investment Fund 1 on January 29, 2018. The bonds will be issued at par, bear coupon at 1%, and yield to maturity of 2.5%. The bonds will mature on February 9, 2021 and are 100% convertible into 781,250 common shares at a conversion ratio of 7.10%, at a conversion price of KRW 4,480 per share from February 9, 2019 to January 9, 2021. The subscription date is January 29, 2018 and payment date is February 9, 2018. The transaction has been approved by the company’s board of directors.