Cube&Company Co., Ltd. announced a private placement of round 18 non-guaranteed private convertible bonds for proceeds of KRW 7,500,000,000, 2,566,735 common shares at an issue price of KRW 1,948 per share for proceeds of KRW 4,999,999,780 and 2,068,680 shares at a price of KRW 2,417 for gross proceeds of KRW 4,999,999,560, thereby raising aggregate proceeds of KRW 17,499,999,340 on June 16, 2021. The transaction will involve participation from Jaanh Cosmetics, Inc. The bonds are 100% convertible into 2,547,554 shares representing 7.51% stake at a conversion price of KRW 2,944 per share from August 9, 2022 to July 9, 2026. The bonds has a coupon rate of 3% and interest rate to maturity of 3%.

The maturity date of bonds is August 9, 2026. The shares have face value of KRW 500 and will be issued at a premium. The shares issued in the transaction will have a hold period of 12 months from the date of issuance.

The company will issue shares through third-party allotment method. The payment date of 2,566,735 shares is June 30, 2021, 2,068,680 shares and bonds is August 9, 2021. The transaction has been approved by the board of directors of the company.