G-treeBNT Co., Ltd. announced a private placement series 13 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000, series 14 unregistered coupon nonguaranteed private placement convertible bonds for gross proceeds of KRW 45,000,000,000 and 4,247,192 common shares at an issue price of KRW 9,418 for the gross proceeds of KRW 40,000,054,256 for aggregate gross proceeds of KRW 95,000,054,256 on September 13, 2021. The transaction include participation from Billiant Co., Ltd. for Series 13 bonds and Nomad No. 1 Association for Series 14 bonds.

The Series 13 and Series 14 bonds issued will carry no coupon, Series 13 carry yield to maturity of 1%, and Series 14 carry yield to maturity of 3%. The Series 13 and Series 14 bonds will be issued at par and will mature on October 29, 2024. The series 13 bonds are fully convertible into 945,165 common shares, representing 3.37% stake in the company at a fixed conversion price of KRW 10,580 per share.

The series 14 bonds are fully convertible into 4,253,284 common shares, representing 15.70% stake in the company at a fixed conversion price of KRW 10,580 per share. The series 13 bonds conversion period starts from October 29, 2022 and end on September 29, 2024. The Series 14 bonds conversion period starts from November 29, 2022 and end on September 29, 2024.

The transaction will include participation from new investors, NEXT SCIENCE Co.,Ltd. for 1,592,695 shares, HLB Co., Ltd. for 530,899 shares, HLB Pharmaceutical Co., Ltd for 530,899 shares, Korky Co., Ltd. for 530,899 shares, HLB Cell Co., Ltd. for 106,180 shares, HLB Investment Co., Ltd. for 106,180 shares, Hyundai & Cosmos Yachting Co., Ltd. for 106,180 shares, Laplace Co., Ltd. for 106,180 shares, Prime Life & Health Co., Ltd. for 106,180 shares, Hankyul Invest Co., Ltd. for 106,180 shares, I Shinhan First Co., Ltd. for 53,090 shares, R Invest Co., Ltd. for 53,090 shares, R2Invest Co., Ltd for 106,180 shares, All-K Co., Ltd for 106,180 shares and L&K Holdings Co. for 106,180 shares. The transaction is expected to close on October 29, 2021.

The securities issued are subjected to one year hold period.