CNT Dream Co.,Ltd. announced a private placement of convertible bonds for the gross proceeds of KRW 1,000,000,000 on May 7, 2023. The transaction will include participation from new investor BittiLimited. The bonds are convertible into 100,000 common shares at a conversion value of KRW 10,000 from May 07, 2024 to May 06, 2025.

The bonds bear 1% surface rate and 1% yield to maturity. The bonds will be matured on May 7, 2025. The transaction is expected to close on May 7, 2023.

The transaction has been approved by the shareholders of the company.