BioSmart Co.,Ltd. announced that it will issue series 12 Non-guaranteed Private Equity Convertible Bond for gross proceeds of KRW 20,000,000,000 on July 14, 2021. The bonds will be issued at par. The transaction will include participation from returning investor Hanyang Securities Co., Ltd. from KRW 1,000,000,000, Kiwoom Asset Management Co., Ltd. for KRW 1,000,000,000, Orion Luxury KOSDAQ Venture Specialized Investment Private Equity Trust No. 56 for KRW 500,000,000, Orion Mezzanine KOSDAQ Venture Specialized Investment Private Equity Trust No. 57 for KRW 500,000,000, A-One Pure Mezzanine Specialized Investment Criminal Equity Trust for KRW 190,000,000, A-One Galaxy KOSDAQ Venture Specialized Investment Criminal Equity Trust for KRW 290,000,000, A-One Horizon KOSDAQ Venture Specialized Investment Criminal Equity Trust for KRW 330,000,000, A-One Pride KOSDAQ Venture Specialized Investment Criminal Equity Trust for KRW 250,000,000, A-One Active KOSDAQ Venture Specialized Investment Criminal Equity Trust for KRW 440,000,000, A-One Great Mezzanine Specialized Investment Detective Private Equity Trust for KRW 230,000,000, A-One Ace Mezzanine Specialized Investment Criminal Equity Investment Trust for KRW 70,000,000, Selenion KOSDAQ Venture Specialized Investment Criminal Equity Trust No. 1 for KRW 1,000,000,000, A-One Supreme KOSDAQ Venture Specialized Investment Criminal Equity Investment Trust for KRW 200,000,000, JC Asset KOSDAQ Venture Specialized Investment Criminal Equity Trust No.11 for KRW 2,000,000,000, SP The Banks 1 Professional Investment Private Equity Trust for KRW 2,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 1,000,000,000, Shinhan Financial Investment Co., Ltd for KRW 1,000,000,000, and New Growth One New Technology Fund II, a fund managed by Axis Investment Co., Ltd. for KRW 4,000,000,000. The bonds will bear zero coupon and will mature on July 16, 2026. The bonds are fully convertible into 2,272,210 common shares at a fixed conversion price of KRW 8,802 per share from July 16, 2022 to June 16, 2026. The date of subscription and expected date of payment is July 16, 2021. The transaction is approved by the board of directors of the company. All securities issued will be subject to a hold period of one year.

On October 16, 2021, the company announced that the bonds are fully convertible into 3,742,514 common shares at a fixed conversion price of KRW 5,344 per share.

On April 16, 2022, the company announced that the bonds are fully convertible into 3,934,684 common shares at a fixed conversion price of KRW 5,083 per share.

On July 16, 2022, the company announced that the bonds are fully convertible into 4,289,084 common shares at a fixed conversion price of KRW 4,663 per share.