Bucket Studio Co., Ltd announced a private placement of series 11 non-guaranteed private convertible bonds with bearer type interest for gross proceeds of KRW 30,000,000,000 on November 2, 2021. The transaction will include participation from GH No.1 Association and Taurus No. 1 Association for KRW 15,000,000,000 each. The bonds mature on January 28, 2025, carry yield to maturity rate and fixed interest rate of 2%. The bonds are convertible into 5,045,408 common shares of the company, representing 10.61% stake, at a fixed conversion price of KRW 5,946 per share. The conversion period starts on January 28, 2023 and end on December 28, 2024. The security to be issued will be subject to a hold period of one year. The transaction was approved by board of directors of the company. The transaction is expected to close on January 28, 2022. The date of subscription of the securities is on November 4, 2021.