Alchera Inc. announced a private placement of series 2nd unregistered coupon nonguaranteed private placement convertible bonds for gross proceeds of KRW 23,000,000,000 on November 25, 2021. The bonds will carry no coupon rate. The bonds are convertible into 603,421 shares at a price of KRW 38,116 per share.

The bonds are convertible from November 29, 2022 to October 29, 2026. The transaction is expected to close on November 29, 2021. The transaction has been approved by the board of directors.