Biosolution Co.,Ltd. announced a private placement of round 1 Unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 80,000,000,000 on April 16, 2021. The transaction will include participation from Eum Private Equity and IBK Capital Corporation. The bonds bear an interest rate and yield to maturity of 3%, are issued at par and will mature on July 16, 2026.

The bonds are fully convertible into 2,638,696 common shares representing 32.61% stake at a conversion price of KRW 30,318 per share from July 18, 2022 to July 15, 2026. The transaction has been approved by the board of directors of the company. The bonds are subject to prohibition of events and divisions for more than one year.

The subscription date is on April 20, 2021 and the payment date is on July 16, 2021.