Blueberry NFT CO.,LTD announced a private placement of round 4th unregistered coupon non-guaranteed private place convertible bonds for the gross proceeds of KRW 5,000,000,000 on November 24, 2021. The transaction will include participation from Metaplex Co., Ltd. The bonds are being issued at par, bear coupon and maturity rate of 5% per annum and will mature on November 29, 2024. The bonds are 100% convertible into 1,237,317 common shares representing 3.83% stake at a conversion price of KRW 4,041 per share from November 29, 2022 to November 22, 2024.

The subscription date is November 24, 2021 and expected closing date of the transaction is on November 29, 2021. The transaction was approved by the board of directors of the company. The bonds are subject to a hold period of one year.