Codenature Inc. announced a private placement of 18 bearer convertible non-guaranteed bonds for the gross proceeds of KRW 5,700 million on August 18, 2022. The transaction will include participation from new investors, Hunus Holdings Co., Ltd. for KRW 2,850 million and Dadam 4th Industry Social Impact Fund, a fund managed by, ROI Investment Partners Co., Ltd for KRW 2,850 million. The bonds are 100% convertible into 3,867,028 common shares of the company at a conversion price of KRW 1,474 per share.

The bonds will be matured on a bond maturity date of August 26, 2025. The transaction has been approved by the shareholders of the company.