Jenax Inc. (KOSDAQ:A065620) announced that it will receive KRW 10,000,000,000 in a round of funding from Korea Gicho ENG Co., Ltd. on March 21, 2019. The company will issue series 5 unguaranteed private convertible bonds in the transaction. The bonds have a coupon rate of 4% per annum and yield to maturity of 4%. The maturity date of the bonds is March 26, 2022. The bonds are fully convertible into common shares. Upon the conversion of the bonds, the company will issue 840,336 common shares at a conversion price of KRW 11,900 per share. The conversion period starts from March 26, 2020 and ends on February 26, 2022. The company expects to close the transaction on March 26, 2019. The company obtained the approval from its board of directors.