Metalabs Co., Ltd. announced a private placement of series 13 nonguaranteed private convertible bond for KRW 10,000,000,000 and 7,017,543 common shares at an issue price of KRW 855 per share and for a par value of KRW 500 for gross proceeds of KRW 5,999,999,265 for aggregate proceeds of KRW 15,999,999,265 on November 25, 2021. The company will issue securities through third party allotment method. The equity investment will be participated by Liting Labs Co., Ltd. The transaction is expected to close on December 3, 2021. The transaction was approved by the board of directors of the company. The securities issued are subjected to one year hold period.The transaction will include participation from new investor Petrona Fund. The bonds will carry rate of interest of 2% and maturity rate of 3% per annum. The bonds will mature on February 28, 2025. The bonds will be fully convertible into 10,224,948 common shares of the company at a conversion price of KRW 978 per share. The conversion period will start from February 28, 2023 and end on January 28, 2025. The transaction is expected to close on February 28, 2022. The transaction has been approved by the board of directors of the company. The securities are issued subject to hold period of one year.