IL Science Co., Ltd. announced a private placement to issue 5th bearer-free interest-bearing non-guaranteed private placement convertible bonds for the gross proceeds of KRW 20,000,000,000 on September 18, 2023. The transaction is expected to close on September 20, 2023. The transaction has been approved by the board of directors of the company.

The bonds will have maturity date of September 20, 2026 and will be converted into 5,614,823 common shares at a conversion price of KRW 3,562 per share.