Signet EV Inc. (XKON:A260870) announced a private placement of fifth registered unguaranteed private convertible bonds for gross proceeds of KRW 6,700,000,000 on January 26, 2018. The bonds will mature on January 26, 2023. The bonds will bear interest at a rate of 2% per annum with yield to maturity of 6%. The lump-sum amount will be payable on redemption of principal on maturity date for the bonds. The bonds will be 100% convertible into common shares at a price of KRW 15,357 per share from January 26, 2019 to January 25, 2023. The bonds will be issued at par value. The bonds will be converted into 436,283 shares. The subscription date is January 26, 2018. The transaction will include participation from new investors Mega PS Milestone Fund 2; a fund managed by Mega Investment Co., Ltd.; a fund co-managed by PS Capital Partners for KRW 3,200,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Meritz Securities Co., Ltd. Investment Arm for KRW 500,000,000, Tiger Asset Management Investment Advisory Co., Ltd. for KRW 1,000,000,000, Asset The Bom Co., Ltd. for KRW 200,000,000, Lee, Jiyeol, Yeon, Hee, Kim, Sunmi, Park, Soochul, Im, Jungjae, Kim, Taewan, and Kang, Youngil for KRW 100,000,000 each. The transaction has been approved by the board of directors of the company.