NEXTURNBIOSCIENCE announced a private placement of series 8 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on May 24, 2023. The transaction will include participation from returning investor, NEXTURNBIOSCIENCE Co., Ltd. The bonds have coupon rate of 1.50% and yield to maturity rate of 3% and will mature on August 7, 2026. The bonds are fully convertible into common shares of the company at an issue conversion price of KRW 26,900 per share between the period starting from August 7, 2024 and ending on July 7, 2026.

The expected date of payment is August 7, 2023. The transaction has been approved by board of directors of the company.