Outin Futures Co., Ltd announced a private placement of 4,603,581 common shares at an issue price of KRW 1,955 per share for the gross proceeds of KRW 9,000,000,855, series 4 unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 5,000,000,000, series 5 Unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 6,400,000,000; aggregate gross proceeds of KRW 20,400,000,855 on December 12, 2022. The transaction will include participation from Lean Innovation Growth Fund for 3,580,563 shares and Choi, Young-wook for 1,023,018 shares and Nowinvestment. Co.

Ltd., JY Mirae Technology Company Co., Ltd. for KRW 1,400,000,000 and TSI Invest Co. Ltd. for KRW 5,000,000,000. The transaction has been approved by shareholders of the company.

The shares are allotted through third party allotment method and have a holding period of 1 year. The transaction is expected to close on January 30, 2023. The series 4 bonds will have a coupon rate of 4% and yield to maturity of 4%.

The series 4 bonds will mature on December 20, 2025 and will be fully convertible into 2,223,210 common shares at an issue conversion price of KRW 2,249 per share between the period starting from December 20, 2023 and ending on November 20, 2025. The expected date of payment is December 20, 2022 and date of subscription is December 14, 2022. The series 4 bonds are restricted for a hold period of 1 year from the date of issuance.

The series 5 unsecured privately placed convertible bonds with bearer interest will mature on January 31, 2026 and will be fully convertible into 2,845,709 common shares at a conversion price of KRW 2,249 per share between January 30, 2024 to December 30, 2025. The series 5 bonds will have a coupon rate of 4% and yield to maturity of 4%. The transaction of Series 5 bonds is expected to close on January 30, 2023.

The series 5 bonds have a restricted for a hold period of 1 year from the date of issuance.