Mirae SCI Co., Ltd. (KOSDAQ:A028040) announced a private placement of 2nd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on May 24, 2018. The transaction will include participation from a group of investors, including A1 KOSDAQ Venture Hedge Fund and A1 Plus KOSDAQ Venture Hedge Fund for KRW 700,000,000 and Yurie A1 KOSDAQ Venture Hedge Fund for KRW 500,000,000. The bonds are zero-coupon and have yield to maturity of 2%. The bonds will be convertible into 1,311,647 common shares at 100% conversion rate for a fixed conversion price of KRW 3,812 per share from May 28, 2019 till April 28, 2022. The bonds will mature on May 28, 2022. The bonds are being issued at par value. The transaction has been approved by the board of directors. The subscription date and payment date is May 28, 2018.