EyeGene Inc. (KOSDAQ:A185490) announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 18,500,000,000 and 518,012 registered convertible preferred stock at a price of KRW 22,200 for gross proceeds of KRW 11,499,866,400 on September 20, 2018.The transaction will include participation for bonds from Smile Gate Green Growth No. 1 Fund for KRW 5,000,000,000, Meritz Securities Co., Ltd., Investment Arm, Trust agent of SP Mezzanine Hedge Fund 1, K- Kclavis KOSDAQ Venture Hedge Fund 1, Shinhan Financial Investment Co., Ltd for KRW 1,000,000,000 each respectively, IBK Capital Corporation Ltd for KRW 2,000,000,000, Tiger 5-02 Hedge Fund, Tiger 5-12 Hedge Fund, Tiger Gangnam 5-22 Hedge Fund, Tiger HNW 5-32 Hedge Fund, Tiger HNW 5-42 Hedge Fund, Tiger Friend 2 Hedge Fund, Tiger Family 2 Hedge Fund, Tiger Corporate 2 Hedge Fund, Tiger True 2 Hedge Fund, Tiger Gear Up 2 Hedge Fund, Tiger KOSDAQ Venture Fund True 2 Hedge Fund, Tiger Gear Up 12 Hedge Fund for total of KRW 3,500,000,000, GVA Universe Hedge Fund for KRW 1,400,000,000, GVA Mezz-V Hedge Fund for KRW 400,000,000, GVA KOSDAQ Venture Hedge Fund FOR KRW 200,000,000, Plaform Partners Smart Mezzanine 4.0 Hedge Fund 4, Platform Partners Smart Mezzanine 4.0 Hedge Fund 5, The Platform Multi-strategy Hedge Fund 1, The Platform Multi-strategy Hedge Fund 2 for total of KRW 2,000,000,000. The bonds will not carry any coupon and yield to maturity. The bond would mature on September 28, 2023. The bond will be 100% convertible into 719,844 common shares for 6.55% stake of the company at a fixed conversion price of KRW 25,700 per share from September 28, 2019 to August 28, 2021. The securities issued in the transaction are exempted from conversion or stock split for one year from closing of the transaction. The transaction will include participation for preferred shares from IBK Capital Corporation for 45,045, Meritz Securities Co., Ltd., Investment Arm for 22,521 shares, KTB KOSDAQ Venture Securities Investment Trust and KTB KOSDAQ Venture Securities Investment Trust 2 for 90,090 shares, Brain KOSDAQ Venture Securities Investment Trust for 90,090 shares, ANDA Cruise Hedge Fund 1 for 45,045 shares, Asset One Public Stock KOSDAQ Venture Corporate Securities Investment Trust for 45,045 shares, Absolute KOSDAQ Venture Hedge Fund 2 for 45,045 shares, Tiger 5 Combo Hedge Fund 1, Tiger 5-11 Hedge Fund, Tiger 5-21 Hedge Fund, Tiger 5-31 Hedge Fund, Tiger STAR 1 Hedge Fund, Tiger GLORY 1 Hedge Fund, Tiger 5-41 Hedge Fund, Tiger 5-51 Hedge Fund, Tiger Cubs 1 Hedge Fund for 85,582 shares, Tiger 5-03 Hedge Fund, Tiger TRUST 3 Hedge Fund, Tiger MERIT 3 Hedge Fund for 36,036 shares, and Tiger 5-04 Hedge Fund and Tiger WISE ONE 4 Hedge Fund for 13,513 shares. The preferred shares have a face value of KRW 500. The company has a total number of 10,993,092 common shares. The company will issue the preferred shares through third party allotment method. The preferred shares will have a conversion period from September 28, 2019 to September 27, 2023, eligibility date for dividend payout of new shares as January 1, 2018, and will a scheduled delivery date of October 19, 2018. The transaction is expected to close on September 28, 2018. The transaction has been approved by the board of directors of the company.