Eyesvision Corp. announced that it expects to receive KRW 10 billion in funding from BNK Securities Co., Ltd., Investment Arm, Samsung Securities Co.,Ltd., Shinhan Investment Corp., Mirae Asset Daewoo Co., Ltd.

Eyesvision Corp. (KOSDAQ:A031310) announced a private placement of series 3 unregistered nonguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on June 18, 2020. The transaction will include participation from new investors Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 3,000,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 4,000,000,000, Shinhan Investment Corp.for KRW 1,500,000,000 and BNK Securities Co., Ltd., Investment Arm for KRW 1,500,000,000.

The bonds will mature on June 19, 2025. The bonds are converted into 2,431,906 shares at a conversion price of KRW 4,112 from June 19, 2021 to May 19, 2025. The subscription and payment date is June 19, 2020.