Optrontec Inc. announced that it will issue series 14 Unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 2,000,000,000 on December 26, 2022. The transaction will include participation from Jace Investment Co., Ltd. The transaction has been approved by the board of directors of the company. The bonds bear 0% coupon rate and 6% maturity rate and will mature on December 28, 2025.

The bonds are 100% convertible into 519,480 common shares at a fixed conversion price of KRW 3,850 from December 28, 2023 to November 28, 2025. The transaction is expected to close on December 28, 2022. The bonds are restricted to a hold period from the date of issuance.