Laserssel Co. Ltd announced a private placement of Series 2 Bearer-type interest-free unsecured private placement convertible bonds for a gross proceeds KRW 8,000,000,000 on January 23, 2024. Interest rate of the bond is 0% and matures on January 25, 2029.

The transaction included participation from new investors, KB Securities Co., Ltd, NH Investment & Securities Co., Ltd., The Korea Securities Finance Corporation, Mirae Asset Securities Co., Ltd, Cape-The J-Pharos Mezzanine New Technology Investment Fund. The conversion price is KRW 9,707 for 824,147 shares. Conversion claim period is January 25, 2025 to December 25, 2028.

The transaction is expected to close on January 25, 2024. The transaction was approved by board of directors