HLB GLOBAL Co., Ltd. announced a private placement of series 31 bearer type non-guaranteed private placement non-separable debentures with warrants for gross proceeds of KRW 14,000,000,000 on December 1, 2022. The transaction included participation from Tae-in Oh. The debt will mature on January18, 2028. The debt face no interest payment with a coupon rate of 0% per annum and an interest rate at maturity of 0%. The debt will be fully convertible into 2,005,730 common shares of the company at a price of KRW 6,980 per share between the period of January18, 2024, to December 18, 2027. The transaction has been approved by the board of directors of the company.

On April 18, 2023, the company announced that now debentures will be fully convertible into 2,201,257 common shares of the company at a exercise price of KRW 6,360.

On July 18, 2023, the company announced that now debentures will be fully convertible into 2,865,329 common shares of the company at a exercise price of KRW 4,886.