GOLD&S Co.,Ltd announced a private placement of 18th series bearer no warranty convertible bonds for gross proceeds of KRW 10,000,000,000 on December 2, 2022. The transaction will include participation from Top Tier-Orbit New Technology Business Investment Fund. The bond carries 1% coupon rate and 2% yield to maturity and will mature on March 31, 2026.

The bonds will be 100% convertible into 2,145,922 registered common shares of the company, which represents 4.44% of the total number of shares, at a price of KRW 4660 per share. Bonds will have a conversion period from March 31, 2024 to Feb 28, 2026. The company expects to close the transaction on March 31, 2023.

The transaction was approved by board of directors of the company.