Didim Inc. announced that it will issue series 11th Non-guaranteed Private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 4,000,000,000 on June 13, 2022. The transaction has been approved by the board of director of the company. The subscription date is June 13, 2022 and payment date is June 24, 2022.

The bond carries surface rate of 2% and coupon rate of 5%. The bond will mature on June 24, 2025 The bond will convert into 2,680,965 common shares at a conversion price of KRW 1,492. The conversion period for the bonds will start from June 24, 2023 and end on May 24, 2025.

The transaction will include participation from Cuburix. Inc.