Crucialtec Co., Ltd. (KOSDAQ:A114120) announced a private placement of 10th series unregistered coupon unsecured private convertible bonds for gross proceeds of KRW 8,000,000,000 on April 30, 2018. The transaction will include participation from Hyundai Season IV Mezzanine Private Investment Hedge Fund, A1 Type A Mezzanine Hedge Fund, A1 Type B Mezzanine Hedge Fund, A1 Type A Convertible Hedge Fund, A1 Type B Convertible Hedge Fund, A1 Public Stock KOSDAQ Venture Hedge Fund, A1 Prime Public Stock KOSDAQ Venture Hedge Fund, A1 GranPrix KOSDAQ Venture Hedge Fund, A1 KOSDAQ Venture Hedge Fund, A1 Plus KOSDAQ Venture Hedge Fund, and Korea Securities Finance Corporation. The bonds carry coupon rate of 3.5% and yield to maturity of 3.5%. The bonds will mature on May 2, 2022. The bonds are convertible into 4,123,711 common shares at a fixed conversion price of KRW 1,940 per share between May 2, 2019 and April 2, 2022. The transaction is expected to close on May 2, 2018. The transaction has been approved by board of directors of the company.