Lambda Micro Co., Ltd. announced a private placement of 3rd Type Bearer Interest-Bearing Private Placement Convertible Bonds of KRW 4,900,022,000 on October 27, 2023. The transaction will include participation from new investor Mecaro Co., Ltd. The bonds will carry 4.6% maturity interest rate, will mature on October 30, 2030 and will be 100% convertible into Registered common stock of the company at a fixed conversion price of KRW 22,700 per share from October 31, 2023 to October 29, 2030. The transaction has been approved by the board of directors of the company.

The payment date is on October 30, 2023.