ITX-M2M Co., Ltd. (KOSDAQ:A099520) announced a private placement of 11,206,896 common shares at a price of KRW 1,160 for gross proceeds of KRW 12,999,999,360, 3rd series non-guaranteed private equity convertible bonds for gross proceeds of KRW 10,000,000,000 and 4th series non-guaranteed private equity convertible bonds for gross proceeds of KRW 10,000,000,000 for aggregate gross proceeds of KRW 32,999,999,360 on March 18, 2020. The transaction will include participation from returning investor Blue Win Value Up Union for shares, new investors Blue Win AMC Co., Ltd for series 3 bonds and Genesis Value Industry Association for series 4 bonds. The bonds will be issued at par. The series 3 and series 4 bonds will carry a coupon rate of 2% and yield to maturity of 4%. The series 3 bonds will mature on June 1, 2023 and series 4 bonds will mature on July 1, 2023. The series 3 and series 4 bonds will be fully convertible into 7,692,307 shares of the company at a price of KRW 1,300 per share respectively. The conversion period for series 3 bonds is from June 1, 2021 to May 1, 2023. The conversion period for series 4 bonds is from July 1, 2021 to June 1, 2023. The transaction has been approved by the board of directors of the company. The transaction take place through third-party allocation increase. The shares have a face value of KRW 500 and will be issued at a premium. Post completion, the number of issued shares will increase from 16,466,131 shares to 27,673,027 shares. The expected payment date of shares is May 7, 2020, series 3 bonds is June 1, 2020 and series 4 bonds is July 1, 2020. The securities issued in the transaction is subject to hold period of 1 year from issuance.