PSK Inc. (KOSDAQ:A319660) announced a private placement of series 1 unregistered non-guaranteed unsecured private exchangeable bonds for the proceeds of KRW 15,000,000,000 on June 26, 2020. The bonds issued in the transaction are zero coupon bonds. The bonds will mature on June 30, 2025. The bonds issued in the transaction 100% convertible into 516,546 shares at a conversion price of KRW 29,039 for 3.50% share capital between the period of July 1, 2020 to May 30, 2025. The transaction will include participation from Kiwoom Unicorn 3 New Technology Business Investment Fund for KRW 13,800,000,000 and Kiwoom Capital-Rhinos New Technology Business Investment Fund for KRW 1,200,000,000. The security issued in the transaction will have a hold period of one year. The subscription date and payment date is June 30, 2020. The transaction has been approved by the board of directors.