Tiger Company Ltd. announced that it will receive round 1 type bearer Interest unsecured private placement convertible bonds for gross proceeds of KRW 8,300,000,000 on June 21, 2024. The transaction included the participation from new investor The bonds will carry 5% maturity Interest Rate and coupon rate is 0% will mature on June 21, 2027. The bonds are fully convertible into 156,930 shares at a fixed conversion price of KRW 160,000 each starting from December 21, 2024 to June 20, 2027.

The transaction has been approved by the board of directors of the company.