Infomark Co., Ltd (KOSDAQ:A175140) announced a private placement of series 6 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 20, 2019. The transaction will include participation from Tigris – Dooeun Fund 1 for KRW 5,000,000,000, Tamul Multimedia Co., Ltd. () for KRW 3,000,000,000, New Growth 1 New Technology Fund for KRW 1,500,000,000, Nurim Ace KOSDAQ Hedge Fund 1 through Korea Investment & Securities Co., Ltd., Investment Arm for KRW 200,000,000, Fidelis KOSDAQ Venture Hedge Fund 1 and The Global KOSDAQ Venture Hedge Fund 2 through NH Investment & Securities Co., Ltd., Investment Arm for KRW 300,000,000. The bonds will be issued at par.

The bonds does not bear any coupon and yield to maturity. The bonds will mature on June 24, 2019. The bonds are convertible into 1,000,100 shares representing 21.61% stake at a fixed conversion price of KRW 9,999 per share between June 24, 2020 and May 24, 2024.

The transaction has been approved by the board of directors of the company. The expected subscription and payment date is June 24, 2019.