Neosem Inc. (KOSDAQ:A253590) announced a private placement of Series 4 unregistered coupon private convertible bonds for gross proceeds of KRW 22,000,000,000 on March 9, 2021. The bonds are zero coupon bonds and will mature on March 11, 2026. The bonds are 100% convertible into 6,204,173 common shares at a conversion price of KRW 3,542 per share. The conversion period of the bonds starts on March 11, 2022 and ends on February 11, 2026. The transaction will include participation from Kiwoom Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 2,000,000,000 and other investors. The subscription date and payment date of the transaction is March 11, 2021. The transaction has been approved by board of directors.