Synopex Inc. (KOSDAQ:A025320) announced a private placement of series 22 domestic unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on February 26, 2021. The transaction will include participation from Eugene Private Equity for KRW 3,500,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, C-Square The banks 1 professional investment type Trust business entity of private equity investment trust Trust business entity of private equity investment trust for KRW 1,500,000,000, Synergy-Shinhan Mezzanine New Technology Business Fund No. 2 for KRW 1,000,000,000, KDBC Synergy Mezzanine New Technology Business Fund No. 1 for KRW 1,000,000,000, Synergy 4th Industry 14 New Technology Business Fund for KRW 1,000,000,000, C Square The banks 1 Hedge Fund for KRW 1,000,000,000, Sussung The banks 1 Hedge Fund for KRW 1,000,000,000, DB Financial Investment Co.,Ltd., Investment Arm for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Focus SY-AP Hedge Fund 1 for KRW 300,000,000, and Focus SuperRich Hedge Fund 5 and Focus SY Rampart KosdaqVenture Hedge Fund 1 for KRW 700,000,000. The bonds will not carry any coupon rate or interest rate to maturity. The bonds will mature on March 3, 2026. The bonds are fully convertible into 3,610,108 shares at a conversion price of KRW 4,155 per share. The conversion period starts from March 3, 2022 and ends on February 3, 2026. The transaction is expected to close on March 3, 2021. The transaction has been approved by the board of directors of the company.