Kopla Co., Ltd. announced a private placement of 3,623,000 common shares at a price of KRW 8,520 each for proceeds of KRW 30,867,960,000, series 3 unregistered coupon unguaranteed private convertible bonds for proceeds of KRW 25,632,040,000, and series 4 registered non-guaranteed non-separable private placement bonds with warrants for proceeds of KRW 43,500,000,000, for total gross proceeds of KRW 100,000,000,000 on November 4, 2021. The company will receive common stock funding through third party capital increase. The transaction will include participation from new investor BGF Co., Ltd. for 3,623,000 common shares and series 4 bonds.

The transaction has been approved by the board of directors. The series 4 will have 0% of coupon rate and maturity rate. The series 4 bonds will have maturity date of December 22, 2022.

The series 4 bonds will be 100% convertible into 4,992,539 common stock of the company at a conversion price of KRW 8,713 per share having a conversion period from December 22, 2022 till December 21, 2024. The series 4 bonds will have subscription period on November 4, 2021 and payment date on December 22, 2021.