Gencurix Inc. announced a private placement of series 6 bearer zero coupon unsecured convertible bonds for the gross proceeds of KRW 2,000,000,000 on December 26, 2023. The bonds will be 100% convertible into 356,887 common shares at a conversion price of KRW 5,604. The bonds will be matured on December 27, 2028.

The conversion period is from December 27, 2024 to November 27, 2028. The transaction includes investor participation of new investor Abion Inc. The transaction has been approved by the shareholders of the company. The transaction is expected to close on December 27, 2023.

All the securities issued under this offering is subject to a lock up period of one year from the date of issuance of debentures.