ISE Commerce Company Limited announced a private placemen to issue 3% Series 5 Bearer Unsecured Private Placement Convertible Bonds due June 18, 2027 for the gross proceeds of KRW 11,154,000,000 on June 18, 2024. The transaction included participation from new investor Trimoon Development Co., Ltd. The bonds are 100% convertible into 4,177,528 shares at a fixed conversion price of KRW 2,670 from June 18, 2025 to May 18, 2027. The bonds bear 3% coupon rate, 5% maturity rate and matures on June 18, 2027.

The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 18, 2024.