CUBOX Co., Ltd announced a private placement of series 4 bearer-type, non-coupon-bearing, non-guaranteed private placement convertible bonds of KRW 12,500,000,000 on April 25, 2024. The transaction will include participation from Korea Investment & Securities Co., Ltd., Investment Arm (as a trust business operator of AIP KOSDAQ Venture General Private Investment Trust No. 8) for KRW 5,000,000,000; NH Investment & Securities Co., Ltd. (in the position of the first trust business of AIP-free IPO public stock general private venture corporate investment trust) for KRW 1,000,000,000; AIP Asset Management for KRW 1,000,000,000; Hana K-New deal Unicorn Fund, a fund managed by Hana Ventures Inc. for KRW 3,000,000,000; Samsung Securities Co.

Ltd., Investment Arm (as a trust business operator of NH Absolute Return General Private Investment Trust No. 1) for KRW 1,000,000,000; Korea Investment & Securities Co., Ltd., Investment Arm (as a trust business operator of Artman KOSDAQ Venture General Private Investment Trust No. 3) for KRW 500,000,000; KB Securities Co., Ltd., Investment Arm (as a trustee of Hans Prime KOSDAQ Venture General Private Investment Trust) for KRW 500,000,000; NH Investment & Securities Co., Ltd. (as a trustee of Yukyung KOSDAQ Venture Plus General Private Investment Trust) for KRW 500,000,000.

The bonds will mature on April 29, 2029. The bonds will be 100% converted into 2,170,892 common shares at a fixed conversion price of KRW 5,758 per share for an equity stake of 20.98%. The conversion period is from April 29, 2025 to March 29, 2029.

The payment date of the transaction is April 29, 2024. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.