CANARIABIO Inc. announced a private placement of 46,865,443 series 8 Unregistered nonguaranteed private placement convertible bonds at an issue price of KRW 14,531 per share for the gross proceeds of KRW 681,001,752,233 on January 16, 2023. The transaction will include participation from AT semicon Co., Ltd. The bonds will mature on January 16, 2026. The bonds will mature at conversion rate of 100%. The conversion period will start from January 16, 2024 to December 16, 2025. The transaction has been approved by the board of the directors of the company.

On the same day, the company has closed the transaction. The company has amended the terms of the transaction. The company has received KRW 15,000,000,000 in the transaction.