SyntekaBio, Inc. announced that it will issue 2nd unregistered coupon unguaranteed private convertible bond for KRW 10,000,000,000 on July 21, 2023. The transaction has been approved by the board of directors of the company. The transaction is expected to close on July 28, 2023.

The company will raise funding through issuance of domestic private placement convertible bonds.