AIOBIO Co., Ltd. announced a private placement of 117,648 Registered convertible redeemable preferred stock at an issue price of KRW 8,500 for the gross proceeds of KRW 1,000,008,000 on July 4, 2023. The transaction will include participation from new investor Ahelz Co., Ltd. The company will issue shares through third party allocation increase method. The redemption value per share of Registered convertible redeemable preferred stock is KRW 8,500 will be 100% convertible at a fixed conversion price of KRW 8,500 per share.

The redemption period of Registered convertible redeemable preferred stock is from July 20, 2026 to July 19, 2030. The transaction has been approved by the board of directors of the company. The payment date is on July 19, 2023.