WISE iTech Co., Ltd. (XKON:A065370) announced a private placement of series 4th unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 12,000,000,000 on October 12, 2020. The transaction will include participation from Daishin New Technology Investment Fund 5. The bond is issued at 0% surface interest rate, 1% interest rate to maturity and will mature on October 14, 2025. The bonds can be 100% converted into 634,249 common shares for 12.47% stake of the company at a fixed conversion price of KRW 18,920 per share. The conversion period is from October 14, 2021 to September 14, 2025. The subscription date and expected payment date is October 14, 2020. The transaction has been approved by the board of directors of the company.