Gemvaxzio Co., Ltd. (KOSDAQ:A041590) announced a private placement of 18th series domestic bearer-type non-guaranteed private equity convertible bonds for gross proceeds of KRW 10,000,000,000 and 19th unregistered nonregistered private convertible bonds for gross proceeds of KRW 2,800,000,000 for aggregate gross proceeds of KRW 12,800,000,000 on June 26, 2020. The transaction will include participation from new investors Nakspartners Co., Ltd. for KRW 2,000,000,000, E2K Commerce Co., Ltd. for KRW 1,500,000,000, Shinbad Investment Co., Ltd. for KRW 1,000,000,000, Woongbo Co., Ltd. for KRW 1,000,000,000, Nasu Equity Co., Ltd. for KRW 1,000,000,000, Motrain Community Co., Ltd. for KRW 1,000,000,000, Hyoyun Partners Co., Ltd. for KRW 800,000,000, Glowin Partners Co., Ltd. for KRW 700,000,000, Richyou Co., Ltd. for KRW 500,000,000 and individual investor, Sooyeon Yeon for KRW 500,000,000 for 18th series bonds and new investors Mansu Suh for KRW 100,000,000, Youngmi Nam for KRW 100,000,000, Sherman Asset for KRW 400,000,000, Garden seats for KRW 1,000,000,000, Inara for KRW 200,000,000, Bang Hye-young for KRW 200,000,000, Kang Dae-ho for KRW 200,000,000, Daewoo Park for KRW 100,000,000 and Lee Unkyung for KRW 500,000,000 for 19th series bonds. The bond bear an interest of 3% and will mature on June 29, 2023. The 18th series and 19th series bonds will be 100% convertible into 12,360,939 common shares representing 13.77% stake of the company and 3,461,063 common shares representing 4.28% stake of the company respectively at a fixed conversion price of KRW 809 per share. The conversion period is from June 29, 2021 to May 29, 2023. The subscription date is June 26, 2020 and payment date is June 29, 2020. The transaction has been approved by the board of directors of the company.