Nutrasemantics Co., Ltd. announced a private placement of 2,000,000,000 2nd Bearer Type Interest Part Registered unsecured private placement convertible bonds at an issue price of KRW 1 per bond for the gross proceeds of KRW 2,000,000,000 on December 15, 2023. The transaction will include participation from returning investor LifeSemantics Corp. The bonds will carry 5% coupon rate,will mature on December 18, 2028 and will be 100% convertible into common shares of the company at a fixed conversion price of KRW 16,000 per share from December 18, 2024 to December 17, 2028.

The transaction has been approved by the board of directors of the company. The payment date is on December 18, 2023.