MEDICOX Co., Ltd. announced a private placement of series 20 of unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 7,500,000,000 on December 27, 2022. The transaction will include participation from Nowinvestment. Co. Ltd. The bonds will carry yield to maturity of 8% and will mature on February 28, 2026. The bonds are 100% convertible into 2,100,252 shares at an conversion price of KRW 3,571 per share. The bonds will start conversion from February 28, 2024 and end on January 28, 2026. The transaction is expected to close on February 28, 2023.

On May 2, 2023, the company announced that bonds are convertible at KRW 1739.