THINKWARE Systems Corporation (KOSDAQ:A084730) announced a private placement of second unsecured unregistered private convertible bonds for gross proceeds of KRW 10,000,000,000 on August 6, 2014. The transaction will include participation from Synergy Partners Co., Ltd. and KTB Asset Management Co. each for KRW 5,000,000,000. The bonds will mature on August 7, 2019 and will carry a yield to maturity of 3%. The bonds will be convertible into common shares at a conversion price of KRW 8,377 per share. These bonds are zero coupon bonds. The bonds will be convertible from a period from August 7, 2015 to July 7, 2019.

On August 7, 2014, THINKWARE Systems Corporation closed the transaction.