NEXT SCIENCE Co., Ltd. announced a private placement of series 29 non-guaranteed with unsigned interest private placement non-separable bonds with warrants for an aggregate gross proceeds of KRW 24,000,000,000 on June 23, 2021. The transaction will include participation from No. 21-08 Ivy New Technology Association No. 39 for KRW 6,500,000,000, Hicat Innovation No.1 Fund for KRW 5,000,000,000, No. 21-09 Aurora New Technology Association No. 40 for KRW 3,500,000,000, Korea Bond Investment Advisory Co., Ltd. for KRW 2,000,000,000, Jeon Tae-rang, Jeon Ji-yoon for KRW 1,000,000,000 each, Jong-Sung Kim, Lee Dong-hee for KRW 600,000,000 each, Kim Myung-sang, Kim Si-dae, Kim Jeong-hee, Jisub So, Yoo Byung-suk, Lee Kwang-ho for KRW 500,000,000 each, Lim Eun-hyung for KRW 300,000,000, Go Kyung-hee, Myung Je-Girl for KRW 200,000,000 each, Eunhee Lee for KRW 100,000,000. The bonds carry fixed coupon rate of 1% per annum and maturity date of 2% per annum. The bonds will mature on July 15, 2024. The bonds are fully convertible into 1,797,752 shares of the company at conversion price of KRW 13,350 per share. The conversion price will start from July 15, 2022 and ends on June 15, 2024. The transaction is expected to close on July 15, 2021. The transaction has been approved by the board of directors of the company.