Eyesvision Corp. announced a private placement of series 4 of Non-guaranteed private placement convertible bonds for gross proceeds of KRW 10,000,000,000 on April 11, 2022. The transaction will include participation from Eugene Investment & Securities Co.,Ltd. for KRW 2,000,000,000, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, GB A Mezz-A General Private Equity Trust, a fund manages by Samsung Securities Co., Ltd for KRW 500,000,000, GB Fortress-A General Private Equity Trust, a fund managed by Mirae Asset Securities Co., Ltd. for KRW 1,500,000,000, DB Mezzanine Thebanks1 General Private Equity Trust No.1, a fund managed by NH Investment & Securities Co., Ltd. for KRW 2,000,000,000 and returning investor Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000.

The bonds will carry no interest rate and will mature on April 13, 2027. The bonds are 100% convertible into 2,534,854 shares at an conversion price of KRW 3,945. The bonds will start conversion from April 13, 2023 and will end on March 13, 2027.

The transaction is expected to close on April 13, 2022. The transaction was approved by the board of directors of the company.