Digital Optics Co., Ltd. announced a private placement of the 26th bearer type interest part no guarantee private convertible bonds for gross proceeds of KRW 30,000,000,000 on November 5, 2021. The transaction will include participation from Meritz Securities Co., Ltd. The bonds carry an interest rate of 2.5% and maturity rate of 6%. The bonds will mature on November 16, 2024 and are convertible into 6,369,426 shares at a price of KRW 4,710 from November 16, 2022 to October 6, 2024.

The transaction is expected to close on November 16, 2021. The transaction has been approved by the board of directors of the company. The bonds will not be listed and are subject to restriction period of one year from issuance.