DMOA Co., Ltd announced a private placement that it will issue Series 6 Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on June 27, 2024. The transaction will include participation from new investor, DM Partners Loan Co. , Ltd. The bonds will be 100% convertible into 1,639,344 at a conversion price of KRW 6,100 per share in a conversion period starting from August 9, 2025 and ending on July 9, 2027.

The bonds have a maturity date of August 9, 2027. The transaction is expected to close on August 9, 2024. The transaction has been approved by the board of directors of the company.