PeopleBio, Inc. announced a private placement to issue Zero Coupon Series 7 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds Due July 12, 2027 for the gross proceeds of KRW 10,000,000,000 and Zero Coupon Series 6 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds due July 12, 2027 for the gross proceeds of KRW 4,200,000,000; aggregate gross proceeds of KRW 14,200,000,000 on July 10, 2024. The transaction will include participation from returning investor iMarketKorea Inc. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 12, 2024. The bonds are 100% convertible into 2,631,578 shares at a fixed conversion price of KRW 3,800 from July 12, 2025 to June 12, 2027. The bonds bear zero coupon rate, 2.5% maturity rate and matures on July 12, 2027.

Series 6 bonds - The transaction will include participation from new and returning investors Hanyang Securities Co. Ltd. for KRW 1,400,000,000, Ds Investment & Securities Co.,Ltd.  foe KRW 300,000,000, Momens Solution Co. Ltd for KRW 300,000,000,NH Investment & Securities Co., Ltd. ( In the position of trustee of Fund 1 ) for KRW 500,000,000, NH Investment & Securities Co., Ltd. ( In the position of trustee of Fund 2 ) for KRW 270,000,000, NH Investment & Securities Co., Ltd. ( In the position of trustee of Fund 3 ) for KRW 230,000,000, NH Investment & Securities Co., Ltd. ( In the position of trustee of Fund 4 ) for KRW 500,000,000 and Kim Do-wan for KRW 700,000,000. . The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 12, 2024. The bonds are 100% convertible into 1,105,263 shares at a fixed conversion price of KRW 3,800 from July 12, 2025 to June 12, 2027. The bonds bear zero coupon rate, 2.5% maturity rate and matures on July 12, 2027.