G Capital Public Company Limited announced that it has entered into a convertible debentures agreement to issue 3,000 long-term convertible debentures No.4/2023 due 2025 at a price of THB 1,000 per debenture for the gross proceeds of THB 3,000,000 on September 25, 2023. The transaction will include participation from returning investor Advance Opportunities Fund I, a fund managed by ZICO Asset Management Pte. Ltd. The debentures will mature on December 31, 2025 and are convertible into 4,219,409 ordinary shares at the conversion price of THB 0.711 per share which is a convertible price of not less than 90% of the market price, which is calculated from the weighted average price of the company's shares set for the past 7 to 15 business days. Debenture holders will receive the convertible debentures on September 25, 2023 in the amount of 4,219,409 shares and the company?s remaining amount of shares being reserved for the next convertible debentures in the amount of 62,175,510 shares.

On November 2, 2023, the company announced that the debentures will be converted into 1,984,126 common shares at a conversion price of THB 0.504.

On March 7, 2024, the company announced that the debentures will be converted into 2,000,000 common shares at a conversion price of THB 0.5.