HANKOOK Technology Inc. announced a private placement of series 27 non-guaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on October 4, 2022. The transaction will include participation from Golf Story Co., Ltd. The bonds will be issued at 6% coupon rate, 6% yield to maturity rate, and will mature on October 5, 2025. The bonds are 100% convertible into 3,773,584 shares for at a conversion price of KRW 795 per share and having a conversion period beginning on October 5, 2023 and ending on September 5, 2025.

The transaction has been approved by the board of directors of the company. The bonds have a prohibition of division and exercise of conversion rights for one year due to issuance. The subscription date is October 4, 2022, and the payment date is October 5, 2022.