Bioptro Inc. announced a private placement of Series 3 Bearer Interest Unsecured Private Placement Convertible Bonds for gross proceeds of KRW 7,700,000,000 on October 26, 2023. The transaction will include participation from new investor, NPX Holdings Co.,Ltd. for KRW 7,700,000,000. The bonds are 100% convertible into 1,413,362 common shares of the company at a conversion price of KRW 5,448 per share.

The conversion period is from January 4, 2025 and ends on January 5, 2027. The maturity date of the bonds is January 5, 2027. The transaction is expected to close on January 5, 2024.

The transaction has been approved by the board of directors of the company.