Jaanh, Inc. (KOSDAQ:A221610) announced a private placement of series 5 unregistered non-guaranteed coupon bonds private equity convertible bonds for gross proceeds of KRW 9,500,000,000 on March 2, 2021. The transaction will include participation from new investor Smart Financing 12nd Co., Ltd. The bonds bear fixed coupon rate of 4.5% and fixed interest rate of 4.5%. The maturity date of bonds is March 5, 2026, 2023. The bonds are 100% convertible into 27,777,777 common shares at a conversion price of KRW 342 per share. The conversion period start date is March 5, 2022 and end date is February 5, 2026. The subscription date of bonds is March 4, 2021. The bonds to be issued have a hold period of one year, post the closing. The transaction has been approved by the company's board of directors. The payment date is March 5, 2021.