NKMAX CO., Ltd. announced a private placement of series 13 of Non-guaranteed Private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 36,000,000,000 on April 7, 2022. The transaction will include participation from Meritz-DS New Technology Finance Association No. 1 for KRW 17,000,000,000, Meritz-Biodesigners Fund No.1 for KRW 3,000,000,000, Meritz Securities Co., Ltd. for KRW 6,000,000,000, Meritz Capital Co., Ltd., Investment Arm for KRW 5,000,000,000 and fund MG2, fund MS2, fund MI, a fund managed by Samsung Securities Co.

Ltd., Investment Arm for KRW 5,600,000,000. The bonds will carry no interest rate and will mature on April 15, 2025. The bonds are 100% convertible into 1,716,328 shares at an conversion price of KRW 20,975.

The bonds are convertible from April 15, 2023 and will end on March 15, 2025. The transaction is expected to close on April 15, 2022. The transaction was approved by the board of directors of the company.