DIO Corporation announced a private placement to issue Series 9 Bearer-Type Non-Guaranteed Private Bond Type New Capital Securities for the gross proceeds of KRW 70,000,000,000 on March 8, 2024. The transaction will include participation from new investor Omega2 Co., Ltd. The transaction has been approved by the shareholders of the company and is expected to close on April 12, 2024. The bonds bear 3% coupon rate and 8% maturity rate and matures on April 12, 2054.

The securities are restricted to a hold period and are100% convertible into 3,393,281 shares at a fixed conversion price of KRW 20,629 from April 12, 2025 to April 11, 2054.