SGA Solutions Co.,Ltd. (KOSDAQ:A184230) announced a private placement of series 5 non-guaranteed private equity convertible bonds for gross proceeds of KRW 3,800,000,000 on May 20, 2020. The bonds carry an interest rate of 3% and surface interest rate of 3%. The transaction will include participation from Korea Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000, Kyobeom Kim for KRW 200,000,000, Dongjun Kim for KRW 200,000,000, Regold Co., Ltd. for KRW 500,000,000, Sungwon Moon for KRW 200,000,000, Park Eung-sik for KRW 200,000,000, Seungrok Oh for KRW 100,000,000, Dooyoung Ham for KRW 100,000,000, Robbery for KRW 300,000,000, Sangsoo Kim for KRW 500,000,000, Hwan-Kyun Kim for KRW 200,000,000, Nam Gyeonggi for KRW 100,000,000, Nam Hong-gi for KRW 100,000,000, and Hye-young Gu for KRW 100,000,000. The bonds will mature on May 22, 2023 and are 100% convertible into common shares of the company at a price of KRW 1,011 per share into 3,758,654 common shares of the company. The conversion period is from May 22, 2021 to April 22, 2023. The transaction is expected to close on May 22, 2020. The securities issued are subject to restriction period of one year from the date of issuance.