DiNonA Inc. (XKON:A086080) announced a private placement of round 3 non-guaranteed private convertible bonds shares for gross proceeds of KRW 10,000,000,000, round 4 unregistered coupon non-guaranteed private convertible bonds shares for gross proceeds of KRW 15,000,000,000 and 4,042,036 common shares shares at the price of KRW 3,711 per share for gross proceeds of KRW 14,999,995,596; for aggregate gross proceeds of KRW 39,999,995,596 on July 8, 2020. The round 3 bonds transaction will include participation from Korea Fixed-Income Investment Advisory and the round 4 bonds transaction will include participation from Midasdong-a Investment Co.,Ltd. The share issuance will be participated by S-MAC CO., Ltd. for 2,694,691 shares and Kumho HT, Inc. for 1,347,345 shares. The shares were issue through third party allotment and through 10% discount. The shares have one year lock in period. The round 3 bonds will carry a coupon rate of 2% and interest rate to maturity of 4% and the round 4 bonds carry a coupon rate of 2% and carry an interest rate to maturity of 4%. The round 3 bonds will mature on August 28, 2023 and the round 4 bonds will mature on September 30, 2023. The round 3 bonds are fully convertible into 2,375,296 shares, representing 10.04% stake in the company at a fixed conversion price of KRW 4,210 and the round 4 bonds are fully convertible into 3,562,945 shares, representing 15.05% stake in the company at a fixed conversion price of KRW 4,210. The round 3 bonds can be converted from August 28, 2021 till July 28, 2023 and the round 4 bonds can be converted from September 30, 2021 till August 30, 2023. The bonds have a hold period for one year post issuance. The round 3 bonds subscription date is on the same day and is expected to close on August 28, 2020 and the round 4 bonds subscription date is on the same day and is expected to close on September 30, 2020. The transaction has been approved by the board of directors of the company.

On August 4, 2020, the company announced that the round 3 bonds transaction is now expected to close on August 7, 2020. The round 3 bonds will now mature on August 7, 2023 and the bonds now can be converted from August 7, 2021 till July 7, 2023.