Wireless Power Amplifier Module Inc. announced a private placement of round 3 type Non-guaranteed Private convertible bonds with Bearer Type Interest Part for proceeds of KRW 28,000,000,000 on October 19, 2022. The bonds will mature on October 21, 2027. The bonds will be convertible into 8,259,587 shares at a conversion price of KRW 3,390.

The bonds will convert into 8,259,587 shares starting from October 21, 2023 and end on September 21, 2027. The transaction has a subscription date and payment date of October 21, 2022. The transaction has been approved by the board of directors of the company.

The transaction will include participation from funds managed by NH Investment & Securities Co., Ltd for KRW 8,600,000,000; funds managed by Mirae Asset Securities Co. Ltd. for KRW 4,800,000,000; Shinhan Securities Co., Ltd. for KRW 2,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 8,700,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 800,000,000, Samsung Securities Co., Ltd. for KRW 2,100,000,000 and Kiwoom-Suseong No. 1 New Technology Business Fund for KRW 1,000,000,000.