Mercury Corporation announced a private placement to issue 1% Series 6 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 6,000,000,000 on January 10, 2024. The transaction will include participation from new investors such as KB Securities Co., Ltd. for KRW 1,900,000,000, Mirae Asset Securities Co., Ltd for KRW 2,600,000,000 and Kiwoom-Focus No. 1 New Technology Business Investment Fund for KRW 1,500,000,000.

The bonds will mature on January 12, 2029. The bonds are fully convertible into 1,000,000 common shares at a conversion price of KRW 6,000 per share in a period from January 12, 2025 to December 12, 2028. The transaction is expected to close on January 12, 2024.

The transaction has been approved by the board of directors of the company.