Globon Co., Ltd. announced a private placement of 5th bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 20,000,000,000 on November 24, 2021. The transaction will include participation from Easy Signal Korea Co., Ltd. The maturity date is November 30, 2024. The interest rate is 0% and maturity rate is 3%.

The debentures will be 100% convertible into 4,987,531 shares at the price of KRW 4,010 per share. The conversion period would be from November 30, 2022 to October 30, 2024. The transaction has been approved by the board of directors of the company.

The transaction is expected to close by November 30, 2021.