The HQ Co.,Ltd. announced a private placement of series 6th unregistered coupon unguaranteed bearer type private convertible bond for gross proceeds of KRW 15,000,000,000 on May 5, 2022. The transaction will involve participation from Robotics Consortium. The bonds will not carry any coupon rate and will have a yield to maturity rate of 2.5%.

The bonds will mature on September 20, 2025. The warrants will be exercisable into 5,151,098 shares at an exercise price of KRW 2,912 from July 29, 2023 to June 29, 2025. The payment date for the issue of bonds is September 20, 2022.

The shares will be subject to a lock up of one year. The transaction was approved by the board of directors of the company.