On March 4, 2020, Soribada Inc. (KOSDAQ:A053110) closed the transaction. The company received KRW 5,010,000,000 in the transaction. The bonds will be convertible into 5,616,590 common shares at a conversion price of KRW 892. The transaction will now include participation from Synergy Structured New Technology Fund 2 for KRW 1,500,000,000, Hwasubun IB Co., Ltd for KRW 1,500,000,000, Lion Investment Advisors Co., Ltd. for KRW 100,000,000, The East Corporation Inc for KRW 910,000,000, and returning investor J.Mason.Inc for KRW 1,000,000,000.