Hanil Vacuum Co., Ltd. announced a private placement to issue Series 12 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 2,000,000,000 on January 26, 2024. The transaction will include participation from new investor TP-Growth Up No. 1 Fund for KRW 2,000,000,000.

The bonds are 100% convertible into 3,690,036 shares at a fixed conversion price of KRW 542 from January 30, 2025 to December 30, 2026. The bonds bear 4% maturity rate and 4% coupon rate and matures on January 30, 2027. The transaction has been approved by the shareholders of company and is expected to close on January 30, 2024.

The securities are restricted to a hold period of 1 year.