Ranix INC. (KOSDAQ:A317120) announced a private placement of 1st series non-guaranteed private equity convertible bonds for gross proceeds of KRW 15,000,000,000 on May 12, 2021. The transaction will include participation from investor including Brain growth company Buffered Bottom Open Top Mezzanine Hedge Fund 1 for KRW 5,000,000,000, SWRN New Technology Fund for KRW 3,000,000,000, JC Asset KOSDAQ Venture Hedge Fund 8 for KRW 1,500,000,000, JC Asset KOSDAQ Venture Hedge Fund 9 for KRW 500,000,000, Paros Mezzanine Public Stock Hedge Fund 1 for KRW 500,000,000, Paros Pacific Hedge Fund 2 for KRW 500,000,000, Paros KOSDAQ Venture Hedge Fund 1 for KRW 500,000,000, Corner Stone Win-Win 1 New Technology Fund for KRW 1,500,000,000, Kiwoom Securities Co., Ltd., Investment Arm for KRW 1,000,000,000 and IBK Capital Corporation for KRW 1,000,000,000. The bonds will be issued at par. The bonds will carry a zero coupon and zero yield to maturity. The bonds will mature on May 14, 2024. The bonds will be fully convertible into 1,305,823 shares of the company at a price of KRW 11,487 per share between the period of May 14, 2022 to April 14, 2024. The transaction has been approved by the board of directors of the company. The expected subscription date and payment date is May 14, 2021.