Paratech Company Limited announced a private placement of 1st unregistered unguaranteed coupon private convertible bond for gross proceeds of KRW 10,000,000,000 on September 30, 2022. The transaction includes participation from Hulim Infrastructure Fund. The bonds being issued are 100% convertible into shares of the company representing at a conversion price of KRW 1,132 per share starting October 4, 2023 till September 3, 2025. The bonds will bear a coupon rate of 2% and maturity interest rate of 6%. The transaction has been approved by the shareholders of the company. The bonds will mature on October 4, 2025.

On November 4, 2022, the company announced that the bonds are 100% convertible into 10,893,246 shares at conversion price of KRW 918 per share.

On January 4, 2023, the company amended the terms of the transaction. The company will now convert bonds into 12,953,367 shares at a conversion price price of KRW 772 per share.

On August 4, 2023, the company amended the terms of the transaction. The company will now convert bonds into 13,297,872 shares at a conversion price of KRW 752 per share.