DNA Link, Inc. announces private placement of series 10 Domestic bearer interest-unsecured private placement convertible bonds for a principal amount of KRW 2,000,000,000 on January 22, 2024. The bonds will bear a surface interest rate of 2% and interest rate to maturity of 4% and will mature on January 25, 2027. The bonds are fully convertible into 617,283 shares of the company at conversion price of KRW 3,240 per share at a 100% conversion rate.

The transaction will include participation from returning investor, Orbitech Co., Ltd.