Kumho HT, Inc announced a private placement series 12 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on October 25, 2022. The transaction will include participation from BH Co., Ltd. The bonds carry 2% maturity rate, 2% coupon rate and will mature on November 9, 2025. The bonds are 100% convertible into 9,578,544 shares at an conversion price of KRW 1,044.

The bonds are convertible from November 9, 2023 and ends on October 9, 2025. The transaction was approved by the board of directors of the company. The transaction is expected to close on November 9, 2022.