Next Bt Co., Ltd. (KOSDAQ:A065170) announced a private placement of round 17 Non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 10,400,000,000 on March 29, 2021.The transaction included participation from One Mezzanine The Classic Specialized Investment Private Equity Investment Trust, a fund managed by Samsung Securities Co., Ltd. (KOSE:A016360) for KRW 100,000,000, One Mezzanine Absolute Specialized Private Equity Investment Trust, a fund managed by KB Securities Co., Ltd. for KRW 94,000,000, One Mezzanine Plus Public Stock Specialized Private Equity Investment Trust, a fund managed by KB Securities Co., Ltd. for KRW 243,000,000, One Plus Alpha Kosdaq Venture Specialized Private Equity Investment Trust, a fund managed by KB Securities Co., Ltd. for KRW 103,000,000, One-listed mezzanine-specialized private equity investment trust, a fund managed by KB Securities Co., Ltd. for KRW 200,000,000, One Supreme KOSDAQ Venture Specialized Private Equity Investment Trust, a fund managed by KB Securities Co., Ltd. for KRW 160,000,000, One Pure Mezzanine Specialized Investment Private Equity Investment, One Galaxy KOSDAQ Venture Specialized Investment Private Equity Investment, One Horizon Kosdaq Venture Specialized Investment Private Equity Investment, One Pride Kosdaq Venture Specialized Investment Private Equity Investment Trust, One Active KOSDAQ Venture Professional Investment Private Equity Investment Trust, a fund managed by NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 1,100,000,000, W Specialized Private Equity Investment Trust No. 1, a fund managed by NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 500,000,000, W500 Specialized Private Equity Investment Trust, a fund managed by NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 500,000,000, SP KOSDAQ Venture Professional Investment Type Private Equity Trust No. 3, a fund managed by Samsung Securities Co., Ltd. (KOSE:A016360) for KRW 1,400,000,000, Mirae Asset Next Korea Intelligence Information Venture Fund, a fund managed by Mirae Asset Venture Investment Co., Ltd. (KOSDAQ:A100790) for KRW 1,500,000,000, Mirae Asset Innovative Growth Fund for KRW 1,500,000,000, Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000.

The company will issue zero coupon bonds pursuant to the transaction. The bonds will be issued at par. The bonds will be fully convertible into 7,386,363 shares of the company at a conversion price of KRW 1,408 from March 31, 2022 to February 28, 2026.

The bonds will mature on March 31, 2026. The subscription and payment date of the transaction is March 31, 2021. The transaction was approved by the board of directors of the company.

The securities to be issued will have a hold period of 1 year.