Robo3 Co.,Ltd. announced a private placement to issue 2nd Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 1,000,000,000 on January 17, 2024. The transaction included participation from new individual investor Bong Gyum Kim for KRW 1,000,000,000. The bonds are 100% convertible into 1,169,590 common shares at a fixed conversion price of KRW 855 per share from January 17, 2025 to January 11, 2027.

The bonds bear 2% coupon rate and 3% maturity rate and matures on January 16, 2027. The transaction has been approved by the board of directors of the company and is expected to close on January 17, 2024.