SNP Genetics Inc. announced a private placement of round 2 non-guaranteed private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 2,000,000,000 on April 6, 2022. The transaction will include participation from GW Bytech Co., Ltd. The bonds carries interest coupon rate 0% and maturity rate of 5%. The bonds will mature on April 14, 2025.

The bonds will be converted into 285,714 shares at a conversion value of KRW 7,000. The conversion period starts from April 14, 2023 to March 14, 2025. The transaction has been approved by the board of directors.

The transaction is expected to close on April 14, 2022.