EXT Co.,Ltd. (KOSDAQ:A226360) announced a private placement of round 7 unregistered coupon non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 from Meritz Securities Co., Ltd., Investment Arm on October 14, 2020. The bonds are issued at 2% coupon rate, 3% yield to maturity, and will mature on October 21, 2023. The interest will be paid every month. The bonds will are fully convertible into 2,982,403 common shares of the company, representing 5.78% in the company, at a conversion price of KRW 3,353 per share. The conversion period is from October 21, 2021 to October 16, 2023. The subscription date is October 14, 2020 and is expected to close by October 21, 2020. The transaction has been approved by the board of directors of the company. The securities