isMedia Co., Ltd. announced a private placement of round 3 unregistered coupon private convertible bonds for gross proceeds of KRW 30,000,000,000 on November 30, 2021. The bonds will be issued at par. The transaction will include participation from new investor Alex 4 Combination.

The bonds will bear coupon rate of 1% and maturity rate of 2% per annum. The bonds will mature on January 24, 2025. The bonds are convertible into 1,322,926 common shares, representing the stake of 13.02% in the company at a fixed conversion price of KRW 22,677 per share from January 24, 2023 to December 24, 2024.

The date of payment is January 24, 2022. The bonds carry a hold period of one year. The transaction is approved by the board of directors of the company.