Prostemics Co., Ltd. announced a private placement of Series 7 Non-guaranteed Private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 20,000,000,000 on May 31, 2023. The transaction will include participation from Spear Power Association. The transaction has been approved by the board of directors of the company. The bonds bear interest rate of 2% and have maturity rate of 5%. The bonds will mature on July 12, 2026. The bonds are convertible at a conversion value of KRW 3,886. The conversion period will start from July 12, 2024 and end on May 12, 2026. The transaction is expected to close on June 12, 2023.

On the same date, the company announced a private placement of series 8 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 3,000,000,000. The transaction will include participation from Capstone Asset Investment Fund. The bonds have a coupon rate and yield to maturity rate of 3% each, maturing on July 12, 2026. The bonds will be fully convertible into 772,002 common shares at an issue conversion price of KRW 3,886 per share between the period starting from July 12, 2024 and ending on June 12, 2026. The transaction has been approved by board of directors of the company. The expected date of payment is July 12, 2023. The securities have a hold period of one year.