Ts Bio Co., Ltd. announced that it will issue series 7 bearer interest holder private placement convertible bonds for gross proceeds of KRW 2,000,000,000 on May 23, 2024. The transaction will include participation from new investor, SU-Holdings Co.,Ltd. The bond carry a fixed interest rate of 3%. The bond will mature on May 23, 2027.

The bonds are fully convertible into 250,000 shares of the company at a conversion price of KRW 8,000 per share. The conversion period will begin on August 23, 2024 and ends on May 22, 2027. The company is expected to close the transaction on May 24, 2024.

The transaction has been approved by the board of directors.