CALTH. Inc announced a private placement of 185,184 registered redeemable convertible preferred stock at a price of KRW 10,800 per share for gross proceeds of KRW 1,999,987,200 on August 16, 2022. The transaction will include participation from new investors, Daewoong pharmaceutical Co.,Ltd , Kiwoom Securities Co., Ltd for 92,592 shares each.

The shares will be issued through third party allotment method. The repayment period is between October 5, 2025 to November 4, 2032. The shares will be convertible into 185,184 shares of the company between the period of October 6, 2022 to October 4, 2032.

The payment date is October 5, 2022.