EXT Co.,Ltd. (KOSDAQ:A226360) announced a private placement of round 11 unregistered coupon non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on April 21, 2021. The transaction will include participation from returning investor, KH Feelux Co., Ltd. (KOSE:A033180). The bonds are issued at 1% coupon rate, 1% yield to maturity, and will mature on April 22, 2024.

The bonds are fully convertible into 4,601,932 common shares of the company, representing 7.81% stake, at a conversion price of KRW 2,173 per share. The conversion period is from April 22, 2022 to March 22, 2024. The subscription date is April 21, 2021 and is expected to close by April 22, 2021.

The transaction has been approved by the board of directors of the company.