T Scientific Co.,Ltd announced a private placement of 17h series non guaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on July 29, 2022. The transaction will include participation from Hoyeon No. 3 Fund and Daiduck Piping Co., Ltd. The bonds does not carry any interest rate and will mature on September 30, 2025.

The bonds will be fully convertible into 6,134,969 shares of the company at a fixed conversion price of KRW 3,260 between the period of September 30, 2023 to August 31, 2027. The payment date is September 30, 2022. The transaction has been approved by the board of directors of the company.