Robo3 Co.,Ltd. announced it has completed private placement of Series 3 Bearer-bearing interest-bearing, unsecured privately placed convertible bonds for a gross proceeds KRW 4,380,000,000 on February 14, 2024. The transaction included participation from new Make Story Co., Ltd for KRW 2,920,000,000 and Antbirds Co., Ltd for KRW 1,460,000,000. The bonds are 100% convertible into 3,705,583 common shares at a fixed conversion price of KRW 1,182 per share from February 14, 2025 to January 9, 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.