PCL, Inc. (KOSDAQ:A241820) announced a private placement of series 2 unregistered coupon private convertible bond for gross proceeds of KRW 27,500,000,000 and series 3 Unregistered coupon private convertible bond for gross proceeds of KRW 10,000,000,000, 91,106 registered convertible preferred shares of par value, KRW 500 at a price of KRW 32,928 per share for gross proceeds of KRW 2,999,938,368 for aggregate gross proceeds of KRW 40,499,938,368 on March 18, 2021. The transaction will include participation from SP KOSDAQ Venture Hedge Fund 3, a fund managed by Simone Partners Investments Co., Ltd. for KRW 3,000,000,000, Zian V1 KOSDAQ Venture Hedge Fund 1, a fund managed by Zian Asset Management for KRW 2,500,000,000, Pebbles KOSDAQ Venture Hedge Fund 1, a fund managed by Pebbles Asset Management for KRW 2,000,000,000, and 25 other investors for KRW 20,000,000,000 for series 2 bonds, ST Capital New Technology Fund 20 for KRW 8,000,000,000 and IBK Capital Corporation for KRW 2,000,000,000 for series 3 bonds, new investors, Orion Mezzanine KOSDAQ Venture Professional Investment Type Private Equity Trust No. 36 heading NH Investment & Trust in the status of contractor for 51,627 shares, Orion Mezzanine KOSDAQ Venture Professional Investment Type Private Equity Trust No. 40 heading NH Investment & Trust in the status of contractor for 9,110 shares, and Brain KOSDAQ Venture Hedge Fund 1 for 30,369 shares. The bonds do not carry any coupon and yield to maturity. The bonds will mature on March 19, 2026. The bonds are fully convertible into common shares at a conversion price of KRW 34,765 per share from March 19, 2022 till February 19, 2026. The preferred shares carry a dividend rate of 1% and will be convertible into 91,106 common shares at a conversion price of KRW 32,928 per share on March 19, 2026. The transaction has been approved by the board of directors of the company. The payment date for bonds is March 19, 2021 and for shares is March 25, 2021. The preferred shares are subject to a hold period of one year from the date of issuance.