DA Technology Co.,Ltd. announced a private placement of series 13 Unsecured privately placed convertible bonds with bearer interest for proceeds of KRW 11,700,000,000 on March 10, 2023. The transaction will include participation from KUKBO Logistics Co., Ltd. The bonds are 100% convertible into 3,209,876 shares at an conversion price of KRW 3,645 and will have conversion period from March 24, 2024 and will end on February 24, 2026. The bonds will bear coupon rate of 1% per annum and yield to maturity of 1% and will mature on March 24, 2026.

The transaction is expected to close on March 24, 2023. The transaction was approved by the board of directors of the company. The bonds are restricted to a hold period of one year.