LIS Co., Ltd. announced a private placement of 1,470,588 common shares at a price of KRW 6,800 per share for gross proceeds of KRW 9,999,998,400 and series 30 non-guaranteed unregistered coupon private convertible bonds for gross proceeds of KRW 15,000,000,000,000 on August 12, 2021. The shares carry par value of KRW 500 per share. The transaction will include participation from Port Hamilton Investment Union 2 for shares and Artemis 2 Fund for bonds. The company will receive funds through third party allotment of capital. The bonds will be issued at par and will carry coupon rate of 1.5%. The bonds have yield to maturity of 4.5% and would mature on December 14, 2024. The bonds are fully convertible into 1,884,422 common shares at a fixed conversion price of KRW 7,960 per share from September 30, 2022 to August 30, 2024. The transaction is expected to close on September 30, 2021. The transaction has been approved by board of directors of the company. The securities issued will be subject to restriction period.