NSN Co., Ltd. (KOSDAQ:A031860) announced a private placement of episode 2 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 600,000,000 on March 6, 2020. The transaction will include participation from Dareum Asset Management for KRW 300,000,000 and Dareum Investment for KRW 300,000,000. The bonds carry no coupon rate and will mature on March 09, 2025. The bonds will be 100% converted into 300,000 common shares representing 4.93% of the company at a fixed conversion price of KRW 2,000 per share. The conversion period is from March 9, 2021 to February 9, 2025. The payment date of the transaction is March 9, 2020. The transaction has been approved by the board of directors of the company. The securities issued in the transaction are subject to a lock up period of 1 year.