Studio Santa Claus Entertainment Co., Ltd. announced a private placement of series 9 bearer type non-guaranteed private placement convertible bonds for a gross proceeds of KRW 6,000,000,000 on October 29, 2021. The transaction will include participation from returning investor Sangsangin Savings Bank, Investment Arm. The bonds have a coupon rate of 2% and yield to maturity of 5%.

The bonds will mature on November 03, 2024. The bonds will be 100% converted into 1,542,416 common shares at a fixed conversion price of KRW 3,890 per share for an equity stake of 3.98%. The conversion period is from November 03, 2022 to October 03, 2024.

The payment date of the transaction is November 03, 2021. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.