mPLUS Corp. (KOSDAQ:A259630) announced a private placement of 2nd series non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on August 24, 2020. The transaction will include participation from Kiwoom Small Manager No. 1 New Technology Business Fund for KRW 8,000,000,000 and Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000. The bonds are issued at 0% coupon rate, 0% yield to maturity and will mature on August 25, 2025. The bonds can be 100% converted into 407,099 common shares for 7.18% stake of the company at a fixed conversion price of KRW 24,564 per share. The conversion period is from August 25, 2021 to July 25, 2025. The transaction has been approved by the board of directors of the company. The payment date is August 25, 2020.