Olipass Co., Ltd. announced a private placement of 7th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 19,999,920,000 on November 6, 2017. The transaction will include participation from Samsung Securities Co. Ltd., Investment Arm for KRW 3,000,000,000, SV Global Bio·Healthcare Fund II and SV Gap-Coverage Fund II – both funds managed by SV Investment Corp.

(KOSDAQ:A289080) for KRW 1,999,980,000 each, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 1,500,000,000, Mirae Asset Celltrion New Growth Fund 1 for KRW 1,500,000,000, Value-up Heavy Equipment Specialized New Technology Fund 1 for KRW 1,500,000,00, nine individual investors for KRW 4,000,000,000, and other investors. The bonds carry 4% yield to maturity and do not carry any coupon. The bonds will mature on November 29, 2022.

The bonds are 100% convertible at fixed conversion price of KRW 30,000 per share into 666,664 shares. The conversion period will start on December 3, 2018 and will end on November 28, 2022. The board of directors of the company have approved the transaction.

The payment date and subscription date is November 30, 2017.