Outin Futures Co., Ltd announced a private placement of round 1 unregistered coupon unguaranteed private bond with warrants for gross proceeds of KRW 1,500,000,000 on December 13, 2022. The transaction included participation from Nowinvestment. Co.

Ltd. The round 1 bonds will be fully convertible into 545,851common shares of the company at an exercise price of KRW 2,748. The conversion of bonds will start on December 20, 2023 and ends on November 20, 2025. The bond will beat interest rate of 4% and interest rate to maturity at 4%.

The bonds will mature on December 20, 2025. The expected date of subscription is December 20, 2022. The transaction has been approved by board of directors of the company.