MICRO2NANO, Inc. announced a private placement to issue Zero Coupon Series 2 Bearer-Type Interest-Free Unsecured Private Placement Convertible Bonds due June 13, 2029 for the gross proceeds of KRW 10,000,000,000 on June 11, 2024. The transaction will include participation from Korea Investment & Securities Co., Ltd. for KRW 2,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000, LS Securities Co., Ltd. for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 1) for KRW 200,000,000, NH Investment & Securities Co., Ltd . (in the fiduciary position of Fund 2) for KRW 800,000,000, KB Securities Co., Ltd (in the fiduciary position of Fund 3) for KRW 1,000,000,000.

The bonds are 100% convertible into 695,168 shares at a fixed conversion price of KRW 14,835 from June 13, 2025 to May 13, 2029. The bonds bear zero coupon rate and zero maturity rate and matures on June 13, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 13, 2024.