Alticast Corporation (KOSDAQ:A085810) announced a private placement of series 4 unregistered unguaranteed private convertible bond on December 13, 2019. The transaction will include participation from new investors Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 1,500,000,000, SK Securities Co., Ltd. (KOSE:A001510) for KRW 1,000,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 1,000,000,000, Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 1,000,000,000, History Investment Co., Ltd. for KRW 3,000,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 1,000,000,000 and Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 1,500,000,000.

The bonds will mature on December 16, 2024. The bonds will be convertible into 5,925,925 shares at a price of KRW 2,025 per share and the conversion period will start from December 16, 2020 and end on November 16, 2024. The transaction has been approved by the board of directors of the company.