LabGenomics Co., Ltd. announced a private placement of 4th round unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 60,000,000,000 and 3,128,372 common shares at a price of KRW 7,260 per share for gross proceeds of KRW 22,711,980,720 for aggregate gross proceeds of KRW 82,711,980,720 on August 19, 2022. The transaction will include participation from Luha Private Equity for convertible bonds and Ruha Galacticos Limited for shares. The bonds will have 2.5%coupon rate and having maturity rate of 6%.

The bonds are 100% convertible into 765,110 common shares at fixed conversion price of KRW 7,796 per share. The conversion period start date is November 14, 2023 and end date is October 14, 2027. The bonds will mature on November 14, 2027.

The bonds will be issued at par. The subscription and payment date is August 19, 2022 and November 14, 2022 respectively. The company is issuing common shares through third party allotment and the transaction is expected to close on January 18, 2023.

The transaction has been approved by board of directors of the company. The bond will have restriction period of 1 year.