Xcure Corp. announced a private placement of series 2 Unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 3,000,000,000 on February 15, 2023. The transaction included participation from individual investor Na Hak-rok for KRW 3,000,000.

The bonds bear 1% interest rate and 2% yield to maturity and are 100% convertible into 757,193 shares at a fixed conversion price of KRW 3,962 from February 15, 2024 to January 15, 2026 and will mature on February 15, 2026. The transaction has been approved by the board of directors and is expected to close on February 15 2023. The bonds are restricted to a hold period of one year from the date of issuance.