Dream Security co., Ltd. announced a private placement of 2nd series bearer type private placement convertible bonds for gross proceeds of KRW 40,000,000,000 on July 5, 2021. The transaction will include participation from new investor, Shinyoung Securities Co., Ltd for KRW 12,000,000,000, Platform Funds 1,2,3 and Suseong Funds 1,2,3,4 managed by trustee KB Securities Co., Ltd for KRW 6,000,000,000 and At the position of trustee of A-One Fund 8, managed by trustee NH Investment & Securities Co., Ltd for KRW 5,000,000,000. The bonds does not bear any interest rate and will mature on July 7, 2024.

The bonds will be fully convertible into 7,187,780 shares of the company at a fixed conversion price of KRW 5,565 between the period of July 07, 2022 to June 07, 2024. The expected payment date is July 7, 2021. The transaction has been approved by the board of directors of the company.