On January 15, 2024, TOBESOFT Co., Ltd. closed the transaction. The company has now issued series 15 bearer-type interest-bearing unsecured private placement convertible bonds for gross proceeds of KRW 2,600,000,000. The transaction will include participation from POC Lab Co., Ltd. The bonds will carry a Coupon interest rate of 0% and Maturity interest rate of 2%.

The bond will be fully convertible into 4,779,411shares of the company at a conversion price of KRW 544 per share.