Aniplus Inc. announced a private placement of series 4 Unsecured convertible bonds with bearer interest for gross proceeds of KRW 25,000,000,000 on April 20, 2023. The transaction will include participation from new investor Kiwoom-Time Animation New Technology Business Investment Fund. The bonds will mature on April 21, 2028.

The bonds are 100% convertible into 5,543,237 shares for at a conversion price of KRW 4,510 per share and having a conversion period beginning on April 21, 2024 and ending on March 21, 2028. The transaction has been approved by the board of directors of the company. The coupon rate of the bonds is 0%.

The transaction is expected to close on April 21, 2023. The bonds are restricted to a hold period of one year.