PeopleBio, Inc. (KOSDAQ:A304840) announced a private placement of 4th series non-guaranteed private equity convertible bonds for gross proceeds of KRW 25,000,000,000 and 581,082 convertible preferred shares of par value, KRW 500 at a price of KRW 22,372 for gross proceeds of KRW 12,999,966,504 for aggregate gross proceeds of KRW 37,999,966,504 on June 21, 2021. The transaction will include participation from Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 5,000,000,000, NH-Aju Kosdaq Scale-Up Fund, a fund co-managed by Aju IB Investment Co., Ltd. (KOSDAQ:A027360), and NH Investment & Securities Co., Ltd., Investment Arm for KRW 5,000,000,000, BNH No.4 Technology Financial Investment Association for KRW 3,000,000,000, Cheol-ho Jang for KRW 3,000,000,000, Nau Job Creation Fund 1, a fund managed by Nau IB Capital, Investment Arm for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 2,000,000,000, Samsung Securities Co., Ltd in the position of trustee of Time Folio KOSDAQ Venture Hedge-S No. 2 Specialized Investment Criminal Investment Trust for KRW 800,000,000, Time Folio The Venture-V No. 2 Specialized Investment Detective Investment Trust for KRW 400,000,000, Time Folio Mezzanine Alpha Specialized Investment Criminal Equity Trust for KRW 400,000,000, Time Folio KOSDAQ Venture It's Time-MS2 Specialized Investment Criminal Equity Trust for KRW 2,400,000,000, and Industrial Bank of Korea in the position of trustee of Time Folio Innovative Growth Digital New Deal Private Equity Trust for KRW 1,000,000,000 for bonds, iMarketKorea Inc. (KOSE:A122900) for 446,987 shares, Nau Job Creation Fund 1, a fund managed by Nau IB Capital, Investment Arm for 89,397 shares and BNH No.4 Technology Financial Investment Association for 44,698 shares. The bonds are 100% convertible into 955,547 common shares for 7.86% stake in the company at a conversion price of KRW 26,163 per conversion share during the conversion period beginning on June 29, 2022 and ending on May 29, 2026. The bonds have a surface interest rate and maturity date of 0%. The bonds have a maturity date of June 29, 2026. The shares are convertible into common shares at a price of KRW 22,372 per share. The shares bear a dividend of 1% per annum and are cumulative and participating. The transaction has been approved by the board of directors of the company. The bonds and shares have a hold period of one year from the date of issuance. The transaction is expected to close on June 29, 2021.

On June 22, 2021, the company announced the preferred shares will start conversion from June 30, 2022 and end on June 29, 2026.