On December 21, 2023, Sphere Power Inc. closed the transaction. The company has closed the transaction of Series 7 bonds of KRW 20,000,000,000 as third and final tranche. The interest rate of the debentures is 3% maturing at December 21, 2026.

The conversion price is 3,886 per share for 5,146,680 shares. The conversion claim period for bonds is from December 21, 2024 to November 21, 2026.