Mirae Corporation announced a private placement of series 8 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on May 24, 2023. The transaction will include participation from new investor NEXTURNBIOSCIENCE Co., Ltd. The bonds carry 3% maturity rate, 1.5% surface rate and will mature on August 7, 2026. The bonds are 100% convertible into 557,620 shares at a conversion price of KRW 26,900.

The bonds are convertible from August 7, 2024 and ends on July 7, 2026. The transaction was approved by the board of directors of the company. The subscription date is May 24, 2023 and payment date is August 7, 2023.